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Watch for Borgwarner Inc to Potentially Pullback After Gaining 4.02% Yesterday

By Nick Russo

Borgwarner Inc (NYSE:BWA) traded in a range yesterday that spanned from a low of $25.67 to a high of $26.64. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $26.62 on volume of 863,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Borgwarner Inc share prices have been bracketed by a low of $17.00 and a high of $46.60 and are now at $26.64, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.7%.

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