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Bearish Moving Average Cross by Amphenol Corp-A (APH)

By David Diaz

Amphenol Corp-A (NYSE:APH) crossed under its 10-day moving average of $87.76 on a volume of 169K 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.

Over the past year, Amphenol Corp-A has traded in a range of $74.95 to $105.51 and is now at $86.72, 16% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.03% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Amphenol Corp-A on July 25th, 2019 by issuing a Downtrend alert when the shares were trading at $92.73. Since that call, shares of Amphenol Corp-A have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amphenol corp-a

Ticker(s): APH