American Axle & Manufacturing Holdings (AXL) : Traders are bullish on American Axle & Manufacturing Holdings (AXL) as it has outperformed the S&P 500 by a margin of 7.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.94% in the last 1 week, and is up 14.53% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American Axle & Manufacturing Holdings (NYSE:AXL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.99 and $16.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.95, notching a gain of 0.06% for the day. The total traded volume was 749,644 . The stock had closed at $16.94 on the previous day.
The stock has recorded a 20-day Moving Average of 10.83% and the 50-Day Moving Average is 7.76%. American Axle & Manufacturing Holdings Inc. is up 6.94% in the last 3-month period. Year-to-Date the stock performance stands at -10.51%.
American Axle & Manufacturing Holdings, Inc. is an automotive supplier. The Company manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules. The Company provides these components for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline, drivetrain and related products include axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems and metal-formed products. The Companys technologies include PowerLite axles, PowerDense gears and PowerFilm lubricant for passenger car, light truck and AWD applications. It operates in 13 countries and has 37 manufacturing, engineering and business office facilities across the world.