TTM Technologies, Inc. (TTMI) Shows Its Cyclical Side Again

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So TTM Technologies, Inc. (NASDAQ:TTMI) remains as cyclical as ever. Share prices jumped 17% in early Friday trading as investors focused on long-term optimism and a proven earnings beat rather than the gloomy next-quarter guidance. Even so, share prices remain firmly in the middle of TTM’s 52-week range. I’m starting to think that this stock is better suited for momentum investors and cyclical traders, and best left alone by long-term buy-and-hold owners. My own long-term bullish CAPScall on the stock is up for review the next time I catch TTM exploring 52-week highs.

The article TTM Technologies Shows Its Cyclical Side Again originally appeared on Fool.com.

Fool contributor Anders Bylund holds no position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Cisco Systems. Motley Fool newsletter services have recommended buying shares of TTM Technologies. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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