AXL - American Axle & Manufacturing Holding - Breaks Up TrendHello Everyone,
Happy Sunny Sunday to all.
Today i would like to share some stocks to follow up next week and that i beleive we can make good profits and trend is up.
First one AXL.
What they do?
Founded in 1994, American Axle & Manufacturing offers higher-performing next-generation metal forming and driveline technologies and products. Operating internationally, the company has headquarters in Detroit, Michigan.
Financial Details:
Market Cap : 690.62 M
Revenue : 5.83 B
EPS : 0.3442
P/E : 16.91
Technical Details:
It breaks the long down Trend which continues from December 24.
After broke, it re-tests and now continue to go Up. It can try to re-test again which is approx 5.50 - 5.55 and if it makes so, then this Price level could be good entry point for me.
Second options, it continue to go up till 7.00 - 7.05 which is my first Target price, and approx %20-22 up from today's price level.
If it breaks the 5.50 and stay under this level next week then it will go off from my list.
My personal opinion, trend is now Up and short term there is a good opportunity to make a good profits. As i mentioned Target price is 7.00 - 7.05.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Happy Sunday to all.
