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Shares of BWA Up 13.1% Since Uptrend Call on Shares
Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for BorgWarner (NYSE:BWA) on November 29th, 2012 at $65.78. In approximately 1 month, BorgWarner has returned 13.06% as of today's recent price of $74.37.
In the past 52 weeks, BorgWarner share prices have been bracketed by a low of $60.17 and a high of $87.45 and are now at $74.37, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.3%.
BorgWarner, Inc. supplies engineered systems and components, primarily for automotive powertrain applications. The Company's products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, sport utility vehicles, and light trucks. BorgWarner operates manufacturing facilities in North America, Europe, and Asia.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of BorgWarner shares.Log in and add BorgWarner (BWA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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