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Watch for Borgwarner Inc to Potentially Pullback After Gaining 1.06% Yesterday

By Shiri Gupta

Borgwarner Inc (NYSE:BWA) traded in a range yesterday that spanned from a low of $44.33 to a high of $45.16. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $44.65 on volume of 774,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Borgwarner Inc has traded in a range of $42.06 to $58.22 and is now at $44.84, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Borgwarner Inc and will alert subscribers who have BWA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders borgwarner inc

Ticker(s): BWA