TMCnet News
Downgrade Alert for Amphenol (APH)May 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Amphenol (NYSE:APH) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $81.00 on volume of 671,000 shares, above average daily volume of 633,000. Amphenol Corporation designs, manufactures, and markets electrical, electronic and fiber optic connectors, interconnect systems, and coaxial and flat-ribbon cable. The Company's products are used in a variety of industries, including telephone, wireless, and data communications systems, cable television systems, and commercial and military aerospace electronics. Amphenol (NYSE:APH) defies analysts with a current price ($81.00) 4.3% above its average consensus price target of $77.54. Amphenol shares have support at the 50-day moving average (MA) of $75.15 and additional support at the 200-day MA of $66.58. Over the past year, Amphenol has traded in a range of $50.89 to $83.37 and closed yesterday at $81.00, 59% above that low. The 200-day and 50-day moving averages have moved 0.52% higher and 0.73% higher over the past week, respectively. SmarTrend recommended that subscribers consider buying shares of Amphenol on October 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.60. Since that recommendation, shares of Amphenol have risen 31.5%. We continue to monitor APH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |