Today’s Price Action: AVX Corporation Sets All Time High; Strong Momentum for Holders

Today's Price Action: AVX Corporation Sets All Time High; Strong Momentum for Holders

The stock of AVX Corporation (NYSE:AVX) reached all time high today, Nov, 16 and still has $17.98 target or 21.00% above today’s $14.86 share price. This indicates more upside for the $2.47 billion company. This technical setup was reported by Barchart.com. If the $17.98 PT is reached, the company will be worth $518.70M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 26,956 shares traded hands. AVX Corporation (NYSE:AVX) has risen 18.91% since April 14, 2016 and is uptrending. It has outperformed by 14.23% the S&P500.

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 important recent AVX Corporation (NYSE:AVX) news were published by: Finance.Yahoo.com which released: “AVX Corporation Announces Preliminary Second Quarter Results” on October 26, 2016, also Nasdaq.com published article titled: “AVX Corporation (AVX) Ex-Dividend Date Scheduled for November 03, 2016”, Businesswire.com published: “AVX Corporation Schedules Second Quarter Earnings Conference Call” on October 07, 2016. More interesting news about AVX Corporation (NYSE:AVX) was released by: Nasdaq.com and their article: “AVX Corporation (AVX) Ex-Dividend Date Scheduled for June 01, 2016” with publication date: May 31, 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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