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Watch for Amphenol Corp-A to Potentially Pullback After Gaining 1.55% Yesterday

By Nick Russo

Amphenol Corp-A (NYSE:APH) traded in a range yesterday that spanned from a low of $94.97 to a high of $95.78. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $95.20 on volume of 587,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Amphenol Corp-A share prices have moved between a 52-week high of $97.56 and a 52-week low of $74.95 and are now trading 27% above that low price at $95.48 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Amphenol Corp-A on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.19. Since that recommendation, shares of Amphenol Corp-A have risen 16.2%. We continue to monitor APH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amphenol corp-a

Ticker(s): APH