Schaeffler (OTCMKTS:SFFLY) Trading Up 22.2% – Time to Buy?

Schaeffler AG (OTCMKTS:SFFLYGet Free Report) was up 22.2% on Tuesday . The company traded as high as $6.72 and last traded at $6.72. Approximately 2,000 shares were traded during trading, an increase of 179% from the average daily volume of 718 shares. The stock had previously closed at $5.50.

Schaeffler Trading Up 22.2%

The stock’s 50 day simple moving average is $5.54 and its two-hundred day simple moving average is $5.15.

About Schaeffler

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Schaeffler AG, together with its subsidiaries, develops, manufactures, and sells components and system for industrial applications in Europe, the Americas, China, and the Asia Pacific. The Automotive Technologies division offers mechanical, mechatronic, and electronic components and systems for powertrain electrification used in passenger cars and commercial vehicles, such as electric motors, axle transmissions, axle drives, power electronics, hybrid modules, electromechanical and hydraulic actuators, and thermal management module; torque converters, hybrid dampers, clutches, variable valve train systems, valve-lash adjustment elements, balancer shafts, camshaft phasing systems, timing drives, and front end auxillary drives.

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