Meritor (MTOR) : Traders are bullish on Meritor (MTOR) as it has outperformed the S&P 500 by a wide margin of 10.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.5%, 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 2.01% in the last 1 week, and is up 10.59% 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 4.32% and the 50-Day Moving Average is 24.05%.The 200 Day SMA reached 34.94%. Meritor, Inc. is up 24.8% in the last 3-month period. Year-to-Date the stock performance stands at 33.77%.
Meritor (NYSE:MTOR): After opening at $11.04, the stock dipped to an intraday low of $10.95 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.23 and the buying power remained strong till the end. The stock closed at $11.17 for the day, a gain of 1.73% for the day session. The total traded volume was 450,099. The stocks close on the previous trading day was $10.98.
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.