TRW Automobile (TRW) ($70.71) reported quarterly results on July 30 and beat EPS estimates by 32 cents earning $2.02 cents a share. The supplier of integrated vehicle control and driver assist systems traded to a multi-year high at $74 on Aug. 1, then drifted to $68.75 on Aug. 28. The 50-day SMA at $69.66 has been holding on recent day's lows with a weekly pivot at $71.81 and monthly risky level at $73.64.
Tesla Motors (TSLA) ($169.93) reported quarterly results on Aug, 7 and beat EPS estimates by 10 cents reporting a loss of 26 cents a share. The sell-rated maker of luxury electric-powered vehicles is clearly a mojo stock as a parabolic bubble inflated to an all time high at $173.73 on Sept. 3. My monthly value level is $153.16 with a weekly pivot at $171.42 and no risky levels at this time.
Visteon (VC) ($73.30) reported quarterly results on Aug, 9 and beat EPS estimates by 36 cents earning $1.41 cents a share. The sell rated maker of electronic interior and lighting products traded to a multi-year high at $73.91 on Aug. 13, then drifted to $69.49 on August 28 and challenged the high in Thursday's trading. My semiannual value level is $68.18 with a weekly pivot at $72.12 and no risky levels.
At the time of publication the author had no position in any of the stocks mentioned. Follow @Suttmeier This article was written by an independent contributor, separate from TheStreet's regular news coverage.
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