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Weak or Laggard

I was not impressed with APH but then I looked at the daily chart and found a nice trendline. Its not weak it was just returning back to normal!!!

Although it did not have the best close like the others APH still is holding a nice upward trend. I dont think it rockets as quickly as the others to start the day but I can see it catching up later in the day or the rest of the weak.

I will give APH a long right now based on this trend-line. 11.40 is a big hurdle but the next real resistance is $12.00. I will definitely be watching this one as after ACB hits 9 ill be looking to move to APH. Especially if it loses todays close and bounces at 11. AS noted yesterday I expect it to bounce at an RSI of 41. We are at 43 on the hourly.

Chart PatternsTechnical IndicatorsTrend Analysis

Feragatname