If history is any guide, there may be trouble ahead for shares of TE Connectivity (NYSE:TEL). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
TE Connectivity (NYSE:TEL) reported quarterly earnings of $1.76 per share which beat the analyst consensus estimate of $1.60 by 10 percent. This is a 19.73 percent increase over earnings of $1.47 per share from the same