[May 23, 2012] Shares of AXL Down 18.9% Since Downtrend Call on Shares Tweet May 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for American Axle & Manufacturing (NYSE:AXL) on March 5th, 2012 at $11.34. In approximately 3 months, American Axle & Manufacturing has returned 18.92% as of today's recent price of $9.19. In the past 52 weeks, American Axle & Manufacturing share prices have been bracketed by a low of $6.77 and a high of $13.08 and are now at $9.19, 36% above that low price. The 200-day and 50-day moving averages have moved 0.18% lower and 1.47% lower over the past week, respectively. American Axle & Manufacturing Holdings, Inc. designs, engineers, and manufactures driveline systems for light trucks and sport-utility vehicles. The Company produces axles, propeller shafts, chassis components, and forged products. American Axle also manufactures various driveline components for light trucks and sport utility vehicles manufactured in North America. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of American Axle & Manufacturing. Log in and add American Axle & Manufacturing (AXL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]