TE Connectivity Ltd. (TEL) Shares are Up 0.78%

TE Connectivity Ltd. (TEL) : Traders are bullish on TE Connectivity Ltd. (TEL) as it has outperformed the S&P 500 by a wide margin of 1.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.62%, 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 0.78% in the last 1 week, and is up 1.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.49% and the 50-Day Moving Average is 4.16%.The 200 Day SMA reached 7.15%


TE Connectivity Ltd. (NYSE:TEL): After opening at $63.68, the stock dipped to an intraday low of $63.53 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $64.6 and the buying power remained strong till the end. The stock closed at $64.38 for the day, a gain of 1.69% for the day session. The total traded volume was 1,601,957. The stocks close on the previous trading day was $64.38.

TE Connectivity Ltd. (TEL) : The most positive equity analysts on TE Connectivity Ltd. (TEL) expects the shares to touch $75, whereas, the least positive believes that the stock will trade at $63 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $67.17 with an expected fluctuation of $4.36 from the mean.

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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