American Axle & Manufacturing is currently above its 200-day moving average of $3.16 and should find resistance at its 50-day moving average of $6.74.
SmarTrend is bullish on shares of AXL and our subscribers received an Uptrend alert on July 29, 2009 at $1.73, which has returned 257.2% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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