GNA AXLES has been on an uptrend since its IPO. Now the stock seems to have broken out above the bull flag which has a potential price target of about 514. GNA is sells automotive axles in both domestic and export markets and any improvement in Class 8 truck sales can act as a positive trigger. Also improvement in Commercial vehicles in domestic market can act as a positive trigger.
The break below 350 on closing basis can be used as a exit stop.
The break below 350 on closing basis can be used as a exit stop.