Thursday, November 24, 2011

American Axle (AXL) Earnings estimates 2012

American Axle (AXL) Earnings estimates 2012 : American Axle (AXL) shares are trading at $7.65. AXL is a leading manufacturer of automotive components. The 50-day moving average is about $8.55 and the 200-day moving average is about $10.60. These shares have traded in a range between $6.77 to $16.20 in the last 52 weeks.

Earnings estimates for AXL are $2.01 per share in 2011, and $2.09 for 2012. I would buy this stock on dips in the $7 to $7.50 range which is where it has recently traded. Some investors are concerned that a weakening economy will impact AXL, but multiple insiders seem confident of the outlook and they have been buying the stock recently. For the latest updates on the stock market, visit Stock Market Today

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