APH is another hot darling in the stock market these days. She's passed around like a bowl of macadamia nuts. Lots of folks are dancing with pretty Amphenol. After she stumbles adn falls, investors are going to need alcohol.
APH is a double-top, or M-top right now. Price prints matching highs so the indicators can be assessed and the neggie d is glaring. APH is topped-out and should begin falling for several weeks. Amphenol provides power applications so it must be another utility and chip cooling play. The buyers believe in it bigtime with solid buying for the last month. It is an ugly chart.
Maybe those heavy buyers know something special about the stock? Let's take a look at the daily chart. The daily chart is not impressive staggering sideways like a drunk through Times Square last night. APH has been chopping sideways since October trying to make an up or down decision.
Keystone has never played APH long or short and likely will not. It is probably best to take the money and run, like the Steve Miller Band, if long. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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