Meritor (MTOR) : Traders are bullish on Meritor (MTOR) as it has outperformed the S&P 500 by a wide margin of 8.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.52%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.46% in the last 1 week, and is up 12.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.18% and the 50-Day Moving Average is 3.15%. Meritor, Inc. has dropped 1.41% during the last 3-month period . Year-to-Date the stock performance stands at 0.36%.
Meritor (NYSE:MTOR): stock turned positive on Friday. Though the stock opened at $8.14, the bulls momentum made the stock top out at $8.4 level for the day. The stock recorded a low of $8.14 and closed the trading day at $8.38, in the green by 1.95%. The total traded volume for the day was 1,428,238. The stock had closed at $8.22 in the previous days trading.
Meritor, Inc. is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Companys segments include commercial truck and industrial, and aftermarket and trailer. Its commercial truck and industrial segment supplies drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium- and heavy-duty trucks in North America, South America and Europe. This segment also supplies components for defense, construction, bus and coach, mining, fire and emergency applications, and Aftermarket and Trailer segment, which supplies new and remanufactured axles, brakes, suspensions, transmissions and components for all-makes aftermarket customers, and also supplies a variety of undercarriage products and systems for trailer applications.