Technical Briefing: TE Connectivity, Amphenol, Plug Power, and Encore Wire
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LONDON, August 2, 2013 /PRNewswire/ --
The US equity market rallied on Thursday, August 1, 2013, as market participants cheered some positive US economic data, including better-than-expected manufacturing data. As per a report from the Institute for Supply Management (ISM), the manufacturing sector picked up pace in July, with the ISM's manufacturing index hitting its highest level since June 2011. The strong manufacturing data was driven by an increase in new orders. The improvement in manufacturing activity is encouraging sign for diversified electronics companies. On Thursday, shares in diversified electronics companies ended mostly higher, tracking gains in the broader market. The major movers in the industry included TE Connectivity Ltd. (NYSE: TEL), Amphenol Corporation (NYSE: APH), Plug Power Inc. (NASDAQ: PLUG), and Encore Wire Corporation (NASDAQ: WIRE). All these companies are tracked by AAAResearchReports.com. Free technical research reports on TEL, APH, PLUG, and WIRE can be accessed by signing up at:
Shares in TE Connectivity Ltd edged higher on Thursday, extending their gains from previous trading sessions. The company's shares hit a 52-week high of $51.61 before finishing the day 0.94% higher at $51.52. A total of 1.28 million shares were traded, which is below the daily average volume of 1.79 million. The company's shares have advanced 2.32% in the last three sessions as compared to a gain of 1.28% in the S&P 500. The stock is also trading above its 50-day and 200-day moving averages. Download free report on TEL upon registration at:
Amphenol Corporation's stock moved higher on Thursday, tracking gains in the broader market. The company's shares fluctuated between $78.90 and $79.97 before finishing the day 1.67% higher at $79.87. A total of 642,686 shares were traded, which is below the daily average volume of 838,219. The company's shares have gained 3.23% in the last three sessions, outperforming the S&P 500. Moreover, the stock is trading above its 50-day and 200-day moving averages. APH technical report can be accessed for free by signing up at:
Plug Power Inc.'s stock tumbled on Thursday even as the broader market rallied. The company's shares oscillated between $0.41 and $0.44 before ending the session 5.03% lower at $0.415. A total of 974,098 shares were traded, which is below the daily average volume of 2.17 million. Despite Thursday's sharp decline, the company's shares have gained 5.33% in the last three trading sessions, outperforming the S&P 500. Plug Power's shares are trading above their 50-and 200-day moving averages. A free report on PLUG can be accessed by registering at:
Shares in Encore Wire Corporation moved higher on Thursday, finishing at $42.02, up 0.74% from the previous closing price. The company's shares fluctuated between $41.81 and $42.37. A total of 192,085 shares were traded, which is nearly double the daily average volume of 98,345. The company's shares have gained 2.16% in the last three trading sessions, outperforming the S&P 500. Moreover, the stock is currently trading near its 52-week high of $42.48. Register with AAA Research Reports and download research on WIRE for free at:
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SOURCE AAA Research Reports
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