Amphenol Stock Sees Bullish Attention Post-Earnings

Amphenol shares have moved below their 50-day moving average

Jan 23, 2020 at 10:10 AM
facebook X logo linkedin

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.

Options traders have preferred puts over calls. Not only has put buying doubled call buying in the past 10 days at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), but the Schaeffer's put/call open interest ratio (SOIR) comes in at 1.21.



How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.