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Amphenol Bearish Moving Average Crossover Alert (APH)

By Amy Schwartz

Today, shares of Amphenol (NYSE:APH) have fallen below their 10-day MA of $62.35 on a volume of 173K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Amphenol share prices have been bracketed by a low of $44.50 and a high of $63.09 and are now at $62.00, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Amphenol on July 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.24. Since that recommendation, shares of Amphenol have risen 6.2%. We continue to monitor APH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amphenol

Ticker(s): APH