TE Connectivity Ltd. (TEL) Shares are Up 2.01%

TE Connectivity Ltd. (TEL) : Traders are bullish on TE Connectivity Ltd. (TEL) as it has outperformed the S&P 500 by a margin of 0.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.01% in the last 1 week, and is up 6.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

TE Connectivity Ltd. (NYSE:TEL): The stock opened at $61.51 on Friday but the bulls could not build on the opening and the stock topped out at $61.65 for the day. The stock traded down to $61.03 during the day, due to lack of any buying support eventually closed down at $61.27 with a loss of -0.44% for the day. The stock had closed at $61.54 on the previous day. The total traded volume was 1,584,085 shares.


The stock has recorded a 20-day Moving Average of 5.23% and the 50-Day Moving Average is 3.45%. TE Connectivity Ltd. is up 0.08% in the last 3-month period. Year-to-Date the stock performance stands at -5.17%.

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing. It markets its products to manufacturers and distributors in a number of markets, which include automotive, industrial equipment and consumer devices.

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