Amphenol Corporation : A steady bullish trend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$73.98 | $80 | $72.53 | +8.14% |
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go above the USD 74.8 resistance.
Therefore, investors could take a long position in Amphenol Corporation, on crossing of the USD 74.8 mid-term resistance. The target price will be set at USD 80. A stop loss should be placed at USD 73.3.