American Axle & Manufact. Holdings is still well oriented and is going to new highs.
From a fundamental viewpoint, the company is trading at a low level as shown by the ratio “enterprise value/revenue” at 0.87x. PER is moderate (estimated at 12.23x in 2013).
Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at USD 20.94 and seems able to breakout soon, supported by the 20 and 50-day moving average. This crossing would provide a strong buy signal.
Given these elements, most active investors could take a buying position and aim to cross the USD 20.94 resistance for a new bullish signal. The target price is USD 24, corresponding to the bullish trend line. A stop loss is placed below the entry point, threshold that would invalidate the bullish strategy.
American Axle & Manufacturing Holdings, Inc. is an automotive and mobility supplier. The Company designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. The Company operates through two segments: Driveline and Metal Forming. Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles (SUVs), crossover utility vehicles (CUVs), passenger cars and commercial vehicles. Its Metal Forming products consist primarily of engine, transmission, driveline and safety-critical components for traditional internal combustion engine and electric vehicle architectures including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets.
AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. 
