TRW stock still showing bullish trend bias
According to the TRW news release, the presentation, which will be simultaneously webcast, is scheduled to begin at 10:15 a.m. (Eastern Time), and is expected to run for approximately forty minutes.
During the presentation, TRW's president and chief executive officer, John C. Plant, and executive vice president and chief financial officer, Joseph S. Cantie, will provide a general business overview and discuss other related matters, followed by a brief question and answer period.
To access the live webcast along with the presentation, please visit the Investors section on the Company's website at www.trw.com. A replay of the webcast will be available for approximately one week following the event.
With 2009 sales of $11.6 billion, TRW Automotive definitely ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the company, through its subsidiaries, operates in 26 countries and employs over 60,000 people worldwide.
TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services.
Monthly Stock Chart Analysis
The monthly stock chart of TRW, courtesy of author of "Awaken Your Speculator Mind", shows the classic definition of a bull trend bias, with price growing from the lower left low of early 2009 at under $2 to the upper right over $54.
For the record, technical analysis assumes the fundamentals of the company are reflected by the market in its pricing of the stock.
How long a bull run will last is anyone’s guess. For sure, all stocks are subject to the general market, just like all ships are subject to the rise and fall of the tide. Nonetheless, the automotive industry is still in recovery mode, and those old cars will be replaced soon. That makes for a good fundamental backdrop.
On the technical analysis side, the present stock price is above its 50-day moving average of 50.07.
Full Disclosure: This author does not hold any positions in this stock at the time of this writing.
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