Autoliv Inc. (ALV) Into A Breakout Zone After A Q4 Turnaround

By Mark Moneymaster
January 29, 2010 1:52 PM

Symbols: ALV

Posted in: Earnings, Long Ideas, Technicals, Movers, Trading Ideas

Autoliv Inc. (NYSE: ALV) confirmed the initial signals of strength on the chart as Autoliv Inc. (ALV) breached above its 20 day MA and 50 day MA in a single session by early afternoon on Friday.

Autoliv Inc. (ALV), which produces automotive safety and security systems, came into focus on Friday after it mopped up earnings of 68 cents per share in Q4, against losses of 55 cents in the comparable quarter of last year.

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Autoliv Inc. (ALV) Into A Breakout Zone After A Q4 Turnaround

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