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Amphenol Corp-A Rises 1.99% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Amphenol Corp-A (NYSE:APH) traded in a range yesterday that spanned from a low of $88.45 to a high of $89.38. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $87.45 on volume of 370,000 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 subscribers consider buying shares of Amphenol Corp-A on April 9th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.70. Since that recommendation, shares of Amphenol Corp-A have risen 6.8%. We continue to monitor APH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Amphenol Corp-A has traded in a range of $63.05 to $110.24 and is now at $89.02, 41% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.1%.

Keywords: rebounders amphenol corp-a

Ticker(s): APH