Amphenol Corp

APH has entered a Stage 3 distribution phase, with a Bearish Pivot Point and flattening 9/21 and 50-day moving averages exerting resistance. Medium-term directional bias is bearish and tradable to the downside. Short-term momentum is down and price is rejecting at the EMAs, making now an opportune time to sell into resistance. Long-term uptrend remains intact above the 200-day MA, framing declines as mean reversion within the broader uptrend.

• ↑Q1 sales grew 58% YoY to $7.6 B, orders hit $9.4 B (1.24 book-to-bill).
• ↑Adjusted EPS rose 68% YoY to $1.06; operating cash flow was $1.1 B (120% of net income).
• ↓Current P/E of 45.4× vs 5-year median 34.2× indicates potential overvaluation.