Price Action Don’t Lie: Is Buying 52-Week Stock Like AVX Corporation a Winning Strategy?

Price Action Don't Lie: Is Buying 52 Week Stock Like AVX Corporation a Winning Strategy?

The stock of AVX Corporation (NYSE:AVX) hit a new 52-week high and has $20.84 target or 45.00% above today’s $14.37 share price. The 6 months bullish chart indicates low risk for the $2.39B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $20.84 price target is reached, the company will be worth $1.08 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 63,615 shares traded hands. AVX Corporation (NYSE:AVX) has risen 19.63% since April 7, 2016 and is uptrending. It has outperformed by 14.85% the S&P500.

According to Zacks Investment Research, “AVX Corporation is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and related products. The company’s passive electronic component sales include ceramic and tantalum capacitors, both in leaded and surface-mount versions, film capacitors, ferrites, varistors and non-linear resistors manufactured in the company’s facilities. The company also manufactures and sells electronic connectors and distributes and sells certain connectors.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.82, from 1.67 in 2016Q1. The ratio dived, as 14 funds sold all AVX Corporation shares owned while 40 reduced positions. 8 funds bought stakes while 38 increased positions. They now own 30.68 million shares or 26.05% less from 41.48 million shares in 2016Q1.
Schroder Inv reported 4,200 shares or 0% of all its holdings. First Manhattan has 0% invested in the company for 400 shares. Jpmorgan Chase And accumulated 3,210 shares or 0% of the stock. Retail Bank Of Montreal Can accumulated 0% or 1,497 shares. Thrivent Finance For Lutherans last reported 64,730 shares in the company. Teacher Retirement Sys Of Texas accumulated 7,020 shares or 0% of the stock. Vanguard Grp owns 3.33M shares or 0% of their US portfolio. Allianz Asset Ag accumulated 0.01% or 992,298 shares. Deere And has invested 0.04% of its portfolio in AVX Corporation (NYSE:AVX). Kcg Inc last reported 13,686 shares in the company. Ent Svcs Corporation has invested 0% of its portfolio in AVX Corporation (NYSE:AVX). Lsv Asset holds 0.02% or 726,200 shares in its portfolio. Moors Cabot Inc holds 49,248 shares or 0.12% of its portfolio. Qs Investors Ltd Limited Liability Company reported 20,028 shares or 0% of all its holdings. Ftb Inc holds 500 shares or 0% of its portfolio.

Insider Transactions: Since August 30, 2016, the stock had 0 insider purchases, and 1 insider sale for $130,993 net activity. 9,498 shares were sold by THOMAS KEITH, worth $130,993 on Tuesday, August 30.

More notable recent AVX Corporation (NYSE:AVX) news were published by: Seekingalpha.com which released: “AVX Corporation: Cheaper Price, Better Outlook” on January 28, 2016, also Businesswire.com with their article: “AVX Corporation Announces Preliminary Second Quarter Results” published on October 26, 2016, Seekingalpha.com published: “AVX Corporation Is Just Too Risky – Even If It Doesn’t Look Like It” on August 09, 2016. More interesting news about AVX Corporation (NYSE:AVX) were released by: Businesswire.com and their article: “AVX Corporation Schedules Second Quarter Earnings Conference Call” published on October 07, 2016 as well as Businesswire.com‘s news article titled: “AVX Corporation Schedules First Quarter Earnings Conference Call” with publication date: July 06, 2016.

AVX Company Profile

AVX Corporation (AVX), incorporated on October 19, 1989, is a maker and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three divisions: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. Various types of electronic devices use AVX’s passive component products to store, filter or regulate electric energy. The Company’s passive electronic component products include ceramic and tantalum capacitors, film capacitors, filters and other components manufactured in its facilities throughout the world, and passive components manufactured by Kyocera Corporation of Japan (Kyocera). It also makes and sells electronic connectors and inter-connect systems, and distributes and sells certain electronic connectors manufactured by Kyocera. It is organized by product line with approximately five product groups.

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