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Shares of Allot Communications Fall Below Previous 52-Week Low

Published on Fri, 03/01/2013 - 15:10
By Robert Cotter

Allot Communications (NASDAQ:ALLT) traded at a new 52-week low today of $12.64. So far today approximately 886,000 shares have been exchanged, as compared to an average 30-day volume of 661,000 shares.

Allot Communications share prices have moved between a 52-week high of $29.05 and the current low of $12.64 and are currently at $13.16 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.4% while the 200-day MA has slid 0.8%.

Allot Communications (NASDAQ:ALLT) has potential upside of 56.8% based on a current price of $13.16 and analysts' consensus price target of $20.64. The stock should find initial resistance at its 50-day moving average (MA) of $14.86 and further resistance at its 200-day MA of $22.00.

Allot Communications Ltd. designs and develops broadband service optimization solutions using advanced deep packet inspection (DPI) technology. The Company provides their customers with real-time highly granular visibility into network traffic and enables them to effectively manage and optimize their networks.

By Robert Cotter
rcotter@fnno.com