BORG WARNER INC
(BWA-NYSE):
Technical Viewpoint: From a low
of $22.82 on Apr 7, 2009 prices
rallied, reaching a
high of $26.45
on Apr 17, 2009. A
decline saw prices pull back, reaching a
low of
$23.09 on Apr 21, 2009.
Another rally saw prices penetrate
resistance, closing 4/24/09
at $28.33. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 24, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 22, 2009. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! BORG WARNER INC
(BWA-NYSE) @ $28.75 Stop: Use a protective stop of $26.75.
BORG WARNER INC is currently trading @ $28.33 plus $2.07 on Apr 24, 2009. Price Objective:
$37.50. Risk/Reward: $2.00 VS. $8.75. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|