This week’s Momentum Trader Alert takes you back into the realm of one of the hottest sectors of 2017 in the U.S. stock market: technology.
Founded in 1932 and headquartered in Wallingford, Connecticut, Amphenol Corporation (APH) is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable. Amphenol recently raised its earlier revenue and earnings guidance for 2017, and the stock has continued its strong momentum since then.
Amphenol Corporation (APH) vs. the S&P 500 year to date.
Momentum Trader Analysis
Buy Amphenol Corporation (APH) at market today and place your stop at $79.50.
I am holding off on recommending options for now, seeing as Friday’s sharp move in the stock price has made the options very expensive.
On Sept. 27, you hit your stop of $83.80 in AbbVie Inc. (ABBV) for a 20.99% gain.
On Sept. 11, you sold your remaining ABBV November $70 calls for a 400% gain.
Nicholas A. Vardy