BWA, Borg Warner Inc.

BWA feb 2016

To add a little insight to our recent blog on Magna, MG, and noting that Tesla is down almost 50%  (more than $14 today alone) we thought we should have a look at . They make, among other things, transmissions without which no car can drive, except ironically perhaps, electric cars. (Electric motors have a more linear torque curve than gasoline engines.) The last $20 drop in is almost a straight line suggesting that it is a third wave of something. That would not bode well for the future  $25/$18/$8 are successive possible targets even though a bounce somewhere around here should be expected given the RSI and MACD. $26.25 may offer some resistance.