• Return to Headlines

Look for Shares of Tyco Electronics to Potentially Pullback after Yesterday's 1.26% Rise

By Shiri Gupta

Tyco Electronics (NYSE:TEL) traded in a range yesterday that spanned from a low of $78.73 to a high of $79.74. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $79.34 on volume of 682,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Tyco Electronics share prices have moved between a 52-week high of $80.70 and a 52-week low of $51.70 and are now trading 54% above that low price at $79.73 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Tyco Electronics on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.65. Since that recommendation, shares of Tyco Electronics have risen 9.9%. We continue to monitor TEL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders tyco electronics

Ticker(s): TEL