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MGA Crosses Above Key Moving Average Level

By Market News Video Staff, Wednesday, April 20, 11:13 AM ET
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In trading on Wednesday, shares of Magna International Inc. (NYSE:MGA) crossed above their 200 day moving average of $46.88, changing hands as high as $47.96 per share. Magna International Inc. shares are currently trading up about 4% on the day. The chart below shows the one year performance of MGA shares, versus its 200 day moving average:

Magna International Inc. 200 Day Moving Average Chart

Looking at the chart above, MGA's low point in its 52 week range is $30.84 per share, with $62.20 as the 52 week high point — that compares with a last trade of $47.82.

According to the ETF Finder at ETF Channel, MGA makes up 1.00% of the First Trust Value Line Equity Allocation Index Fund ETF (AMEX:FVI) which is trading up by about 2.8% on the day Wednesday.

     See what other ETFs contain MGA »
     See what other stocks are held by FVI »

MGA operates in the Auto Parts sector, among companies like Dana Holding Corp (NYSE:DAN) which is up about 5.3% today, and Tenneco Inc (NYSE:TEN) trading up by about 4.7%. Below is a three month price history chart comparing the stock performance of MGA, versus DAN and TEN.

MGA,DAN,TEN Relative Performance Chart


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This Article's Word Cloud:   Above   According   Below   Channel   Dana   ETFs   First   International   Magna   Moving   NYSE   Portfolio   Tenneco   Value   Wednesday   about   above   allows   among   asset   average   chart   companies   completely   currently   designed   growth   hands   high   history   mdash   moving   operates   other   performance   point   portfolio   price   range   raquo   share   shares   stocks   terms   trading   versus   week   what   which   with
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