Price Action to Note: What’s Next for AVX Corporation After Achieving 52-Week High?

Price Action to Note: What's Next for AVX Corporation After Achieving 52 Week High?

The stock of AVX Corporation (NYSE:AVX) hit a new 52-week high and has $19.84 target or 42.00% above today’s $13.97 share price. The 8 months bullish chart indicates low risk for the $2.32B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $19.84 price target is reached, the company will be worth $974.40M 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 18,903 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.

Analysts await AVX Corporation (NYSE:AVX) to report earnings on November, 10. After $-0.68 actual EPS reported by AVX Corporation for the previous quarter, Wall Street now forecasts 10.29% negative EPS growth.

According to Zacks Investment Research, “AveXis, Inc. is a gene therapy company which develops and commercializes treatments for neurological genetic diseases primarily in United States. The Company’s product candidate consists of AVXS-101 which is in clinical trial for the treatment of spinal muscular atrophy Type 1, the genetic cause of infant mortality. AveXis, Inc. is headquartered in Bannockburn, Illinois.”

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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