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Amphenol Corp-A Set to Possibly Rebound After Yesterday's Selloff of 5.45%

By James Quinn

Amphenol Corp-A (NYSE:APH) traded in a range yesterday that spanned from a low of $78.31 to a high of $80.77. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $79.59 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Amphenol Corp-A share prices have been bracketed by a low of $63.05 and a high of $110.24 and are now at $76.93, 22% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.5%.

SmarTrend is monitoring the recent change of momentum in Amphenol Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amphenol Corp-A in search of a potential trend change.

Keywords: rebounders amphenol corp-a

Ticker(s): APH