TRW Continues to Run

TRW Automotive (TRW) is moving higher again, extending its four-day rally to nearly 15%. The auto parts company is up more than 5% on heavy trade after opening the session with a powerful gap higher. Volume will be well above average for the fourth straight day as TRW recovers after hitting fresh lows just last week. Investors were very aggressive during Monday's pre-earnings action and are following through with an equal push today.

TRW Automotive (TRW) Source: TradeStation View Chart » View in New Window »

This morning's post-earnings gap up lifted TRW above its overhead 50-day moving average for the first time since a deep selloff in early May. This is quite a reversal from last week's fall to fresh bear-market lows. From the ominous looking February/March double top TRW had dropped more than 30% at last week's lows. The fall pushed shares to within pennies of the 2012 lows set in the first week of January. Patient TRW bulls took advantage shortly after the $34 level was pierced. What is in place now is a solid bottom with much more upside potential....174 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.