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Bearish Moving Average Cross by Amphenol (APH)

By Shiri Gupta

Amphenol (NYSE:APH) crossed under its 10-day moving average of $71.05 on a volume of 225K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Amphenol have traded between a low of $44.50 and a high of $71.98 and are now at $70.54, which is 59% 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 20.1%. 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