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Amphenol Bullish Moving Average Crossover Alert (APH)

By David Diaz

Today, shares of Amphenol (NYSE:APH) have advanced above their 10-day MA of $64.14 on a volume of 516K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Amphenol has traded in a range of $44.50 to $65.79 and is now at $64.59, 45% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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 6.7%. 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