Amphenol Stock Sees Bullish Attention Post-Earnings

Amphenol shares have moved below their 50-day moving average

Jan 23, 2020 at 10:10 AM
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Electronics stock Amphenol Corporation (NYSE:APH) is trading down 0.7% at $105.88, following the company's fourth-quarter earnings release. While the fiber optics maker reported a top- and bottom-line beat, a more cautious outlook is weighing on the shares. There's even been bullish analyst attention, with Evercore ISI raising its price target to $120 from $108, and Citigroup adding the stock to its U.S. Focus List.

Unfortunately, today's price action puts APH below the 50-day moving average, a trendline it hadn't moved below since September before yesterday. Still, the shares sport a one-year advance of roughly 26%. Such outperformance is likely why most analysts in coverage are already bullish on the stock.

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