Charts of the Week - 6-09-2009
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Created by barrons3
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Date updated:06-10-2009

Could auto-related stocks be worth a look now that General Motors and Chrysler have filed for bankruptcy? The charts don't lie, so take a look at these interesting names in the auto complex.

symbol name last price % change open
  • +
  • JCI
    Johnson Controls
  • $26.86
  • -1.43%
  • $27.10

Shares of Johnson Controls (JCI) are already breaking out to 1-year highs at around $22. If the stock can continue to uptrend it could be set to test the next level of resistance at around $25 a share, or possibly make a run back towards $30. Volume continues to look strong and the stock is now above both the 50-day and 200-day moving averages.

People owning JCI also tend to own: PGWECAEOBACCATLOWLVLT

TheStreet.com Rating: C- What is this?

  • +
  • BWA
    Borg Warner Inc
  • $30.91
  • -0.03%
  • $30.75

Keep an eye on BorgWarner (BWA) for a breakout around $36 a share. This stock has been seeing some decent up day volume and could be setting up for a run back towards the mid to upper $40s.

People owning BWA also tend to own: FRMGAAAPLAVEMXBBYCOSTDO

TheStreet.com Rating: C- What is this?

  • +
  • DAI
    Daimler Ag
  • $52.09
  • -1.79%
  • $52.10

Shares of Daimler AG (DAI) are pulling back towards both the 50-day ($34.60) and 200-day ($35.45) moving averages on light volume. If the stock can make find support around these areas it could make a run back towards previous resistance at around $40 a share.

People owning DAI also tend to own: AAPLAFLAIGAWKCLHBCOPDIS

TheStreet.com Rating: D+ What is this?

  • +
  • AXL
    Amer Axle&mfg Hld
  • $6.43
  • -2.72%
  • $6.51

American Axle & Man (AXL) looks ready to make a run back towards some previous resistance at $4.60-to-$5.00 a share. A break above those levels could allow the stock to make a move back towards $8 a share. It's worth noting that volume has been heavy for the past five trading sessions.

People owning AXL also tend to own: ALUBMYCAGCATCFWCHSCNP

TheStreet.com Rating: D- What is this?

  • +
  • TRW
    Trw Automotive Hl
  • $22.85
  • -0.87%
  • $22.74

TRW Automotive (TRW) looks ready to test some previous resistance at around $11.63 a share. If the stock breaks above that level it could head significantly higher.

People owning TRW also tend to own: DISMSFTGGCGNTXJCILEATYC

TheStreet.com Rating: D What is this?

  • +
  • FDML
    Federal-mogul Cor
  • $14.55
  • +0.69%
  • $14.50

Federal-Mogul (FDML) has found solid support at the 50-day moving average during May and now in June. The stock looks ready to make a move back towards some previous resistance at $12.60 a share. If it can trade through that level it could make a run towards $16-to-$17 a share.

People owning FDML also tend to own: AXLBWADAIJCISPARTRWWBC

TheStreet.com Rating: C- What is this?

  • +
  • WBC
    Wabco Holdings
  • $23.40
  • -3.27%
  • $23.95

Shares of WABCO (WBC) look ready to test some heavy previous resistance at around $18-to-$19 a share and the 200-day moving average of $19.10. If the stock can breakout above this overhead resistance, it could be setting up to run back towards $25 a share or even higher.

People owning WBC also tend to own: ASDCELGCSCOEMCGLWAAPLABN

TheStreet.com Rating: C What is this?

  • +
  • SPAR
    Spartan Motors
  • $5.15
  • -1.53%
  • $5.27

Spartan Motors (SPAR) just continues to run higher on strong volume. The stock has already made a huge move from $1.29 a share in February to over $11. Despite the big move, the stock looks poised to move even higher and test the next area of previous resistance at $17 a share.

People owning SPAR also tend to own: CTSHDILGDIHBIOKIMSLWAVCA

TheStreet.com Rating: C What is this?

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