TRW Automotive @ Year Lows

Published on Monday, 19 December 2011 12:34 Written by Christopher Lynn

New York, December 19th (TradersHuddle.com) - Shares of TRW Automotive Holdings Corp. (NYSE:TRW) booked a new 52 week low by trading below $29.68, traders are definitely monitoring TRW's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

TRW Automotive Holdings Corp. (NYSE:TRW) supplies automotive systems, modules, and components to global automotive vehicle manufacturers and related aftermarkets. Its products include active and passive safety related products, like seat belts and airbags. The company also makes braking systems and streeing wheels.

TRW Automotive is currently trading -3.2% versus its previous trading session close, and it has calculated support and resistance at $29.68 and $34.70 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.61% from its previous trading close, which means that TRW Automotive stock is underperforming the overall market.