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After Yesterday's Rally of 1.12% Shares Could Potentially Pullback

By Amy Schwartz

Amphenol Corp-A (NYSE:APH) traded in a range yesterday that spanned from a low of $89.29 to a high of $90.60. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $90.24 on volume of 330,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Amphenol Corp-A has traded in a range of $74.95 to $105.51 and is now at $90.16, 20% above that low. The 200-day and 50-day moving averages have moved 0% lower and 0.65% lower over the past week, respectively.

Keywords: rebounders amphenol corp-a

Ticker(s): APH