Company Description: Amphenol Corporation engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors and interconnect systems, and coaxial and flat-ribbon cables worldwide. It produces various interconnect products and assemblies primarily for voice, video, and data communication systems, commercial aerospace and military systems, automotive and mass transportation applications, and industrial and factory automation equipment. The company’s interconnect products include connectors, which when attached to an electronic or fiber optic cable, a printed circuit board or other device, facilitate electronic or fiber optic transmission. Its interconnect assemblies consist of a system of cable and connectors for linking electronic and fiber optic equipment. The company also produces various radio frequency connector products and antennas for use in telecommunications, computer and office equipment, instrumentation equipment, local area networks, and automotive electronics, as well as in base stations, mobile communication devices, and other components of cellular and personal communications networks. In addition, it produces industrial interconnect products; and highly-engineered cable and backplane assemblies. The company’s cable products comprise coaxial cable and connector products for use in cable television systems, including full service cable television/telecommunication systems. It also provides high speed data cables and specialty cables for use in computer and office equipment applications, as well as in various telecommunication applications. Amphenol Corporation markets its products directly, as well as through manufacturers’ representatives and distributors to original equipment manufacturers, contract manufacturers, cable system operators, and telecommunication companies. The company was founded in 1932 and is headquartered in Wallingford, Connecticut.

Our Analysis: The shares of Amphenol Corporation 'APH' set a new 2009 closing high on heavier than normal trading volume Friday. In the process they completed a cup pattern with a measured move to our stated price target of $39.65/share. I see downside support on the shares of 'APH' @ $35.15/share, and have set my stops accordingly at $34.71/share..