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Borgwarner Inc Falls 2.35% on Heavy Volume: Watch For Potential Rebound

Time:2018-03-14 01:12Turbochargers information Click:

BorgWarner v Heavy Falls 2.35%

Written on Mon, 01/22/2018 - 1:00pm

By David Diaz

Borgwarner Inc (NYSE:BWA) traded in a range yesterday that spanned from a low of $55.60 to a high of $57.20. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $55.62 on volume of 388,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Borgwarner Inc on January 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.70. Since that recommendation, shares of Borgwarner Inc have risen 4.1%. We continue to monitor BWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Borgwarner Inc share prices have moved between a 52-week high of $58.22 and a 52-week low of $27.52 and are now trading 103% above that low price at $55.90 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.6%.

Keywords: rebounders borgwarner inc

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