Stock Scrambling Higher Pre-bell with a Gap: BorgWarner Inc. (NYSE:BWA)

Will shares of BorgWarner Inc. (NYSE:BWA) hold onto their early gains?  The stock is gapping up 8.18% before market open touching $50.00 on a recent bid. Investors may be trying to figure out which chart patterns or technical indicators to use. This may take some time to figure out which strategy works for each individual. Back testing specific indicators can be a good way to personally evaluate a particular method. Many investors will opt to follow trading strategies of the professionals. This may work well for some but not others. Figuring out what works and what doesn’t should help the investor make better future decisions. Some investors will choose to go against the grain and develop a contrarian approach. Pulling out substantial profits in the markets may seem like a daunting task. Playing things safe may be the choice for one investor but not the next. Many people will choose to adhere to the old saying of nothing ventured nothing gained. This of course may vary from investor to investor depending on the amount of capital available.

Analyst Outlook

The consensus analysts recommendation at this point stands at 2.60 for BorgWarner Inc..  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $43.89 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

The equity stands 7.16% away from the 52-week high and 58.78% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 83.46.

With the recent move, the stock now boasts a market cap of 9795.87and a beta of 1.71.

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