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Meritor, Inc. (MTOR) - Buy, Sell or Hold?

Sector: Capital Goods   Sub-Sector: Auto Parts:O.E.M.
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneBullish EngulfingFri, 08 Sep 201727.85%
***Stock database and scans are updated around midnight (New York time) every trading day.
26.40 0.00 (0%) Sep 22 4:02pm EDT
Open: 25.51 Range: 25.51 - 26.50 Vol: 1.68M Avg Vol: 1.26M
EPS: 6.16 P/E ratio: 4.28 EBITDA: 255.00M Mkt Cap: 2.34B
Analyze "MTOR" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 25.38
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 21.67
Last Trade is above the 50 day moving average at 19.63
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 16.66
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MTOR

Stock Trend Analysis - Buy, Sell or Hold "Meritor, Inc." (MTOR)?

MTOR is in a very strong uptrend. In the last 52 weeks, MTOR has been trading above the 200 day moving average for 100% of the time with an average daily volume of 1.3M shares being traded. The 50 day moving average, currently at 19.63, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average confirms this view as the underlying strength in MTOR is still very strong with price maintaining above the 20 SMA for 92.5% of the time in the last month of trading. Traders however need to be cognizant of the fact that some retracement may set in as many may use the strength in price to lock in profits. Traders who are thinking of going long MTOR shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 19.63 and 16.66 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MTOR".

The analyst consensus estimates for the 1 year price target for this stock is $23.67* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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