StockCall Early Morning Insight into American Axle & Manufacturing, Meritor, LKQ Corp., and Tenneco
LONDON, April 22, 2013 /PRNewswire/ --
Concerns about the global economic growth kept markets under check in the previous trading week. However, stocks showed considerable gain in the last session of previous week. Major indices closed the day in the green, negating a part of their weekly losses. Marginal increase in jobless claims also added strain to the stocks. However, auto parts stocks such as American Axle & Man. Holdings Inc. (NYSE: AXL), Meritor Inc. (NYSE: MTOR), LKQ Corporation (NASDAQ: LKQ) and Tenneco Inc. (NYSE: TEN) posted gains in the session. StockCall has issued technical analysis and charting reports on AXL, MTOR, LKQ, and TEN. Download these free reports now at
http://www.stockcall.com/todaysopinions
American Axle & Man. Holdings Inc. closed its latest trading session at $12.41, up 3.94 percent from its previous close. The stock traded in the range of $11.85 and $12.46 in the session and traded 1.36 million shares. It is likely to face its first resistance level at $12.74 and upon breaching this level the stock may go up to $13.24. On the downside, the company may tumble to $12.12 level. The stock is highly volatile as it sports the beta of 2.56. So far in 2013, it gained 14.06 percent whereas in the past 52 weeks, it gained 18.87 percent of its value. The stock is in a bullish mode. Download the free research on AXL today by registering at
http://www.StockCall.com/AXL042213.pd
Meritor Inc. is currently trading in-line with its 20-day and 50-day moving average price of $4.40 and is in the bullish mode. It also ended its latest trading session 1.38 percent higher at $4.40, further confirming the trend. Meritor exchanged 900,966 shares during Friday's session. The stock has underperformed the broader markets and has declined 4.14 percent so far this year. However, it is likely to go up to $4.50 in the coming trading sessions. Its second resistance level is at $4.73. The company commands market capitalization of $428.08 million. Sign up and have access to our free report on MTOR at
http://www.StockCall.com/MTOR042213.pdf
LKQ Corporation's stock is down only 0.1 percent on a YTD basis, thanks to its 0.83 percent gain in the previous trading session. The stock closed at $20.71 after trading in the range of $20.28 and $20.94. LKQ shows a mildly bullish streak and may touch $21.04 level. Its second resistance level is at $21.19. It traded 1.30 million shares during Friday's session from its average trading volume of 1.88 million. The auto parts company grew 36.25 percent in the past 52 weeks, and it has shown good growth so far in 2013. It is currently trading above its short-term moving average price of $21.27. Sign up and read the complimentary report on LKQ at
http://www.StockCall.com/LKQ042213.pdf
Tenneco Inc. is currently trading in oversold territory with its Relative Strength Index at 37.13. Consequently, the stock may see some gains in the coming sessions. It closed Friday's session at $35.00, up 1.24 percent. The stock is currently in a bullish mode and may touch $35.44 level in the coming days. Upon breaching this level, the stock's next resistance price is at $36.57. Shares of TEN are highly volatile with its beta at 3.36. So far in 2013, the stock appreciated 2.97 percent. Its 52 weeks loss stands at 0.14 percent. The free report on TEN can be downloaded by signing up now at
http://www.StockCall.com/TEN042213.pdf
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