• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 449157 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414086035 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414086035 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Possible Bullish Inside Day Candle Pattern Detected for Tellabs (NASDAQ:TLAB)

Published on Wed, 02/27/2013 - 08:29
By Robert Cotter

Analysts have spotted a possible bullish inside day candle pattern in Tellabs (NASDAQ:TLAB) based on the price action in the company's shares. Yesterday's price range of $2.04 and $2.10 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Tellabs may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

There is potential upside of 6.4% for shares of Tellabs based on a current price of $2.08 and an average consensus analyst price target of $2.21. The stock should find initial resistance at its 50-day moving average (MA) of $2.38 and further resistance at its 200-day MA of $3.11.

Tellabs, Inc. designs, manufactures, markets, and services voice, data, and video transport and network access systems. The Company's products are used worldwide by public telephone companies, long-distance carriers, alternate service providers, cellular service providers, cable operators, government agencies, utilities, and business end-users.

Tellabs share prices have moved between a 52-week high of $4.12 and a 52-week low of $2.01 and closed yesterday at 3% above that low price at $2.08 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 3.2%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Shares of Harsco Receive a Boost, Up 3.2...

Harsco (NYSE:HSC) is one of today's notable stocks on the rise, up 3.2% to $19.86. The ...

Buyers Accumulate Shares of Stamps.com, ...

One of today's notable stocks on the rise is Stamps.com (NASDAQ:STMP), up 3.2% to $34.3 ...

Pacific Ethanol Shares Climbing Higher, ...

Pacific Ethanol (NASDAQ:PEIX) is one of today's biggest movers, up 3.3% to $12.74. The ...

Gulf Island Fabrication Shares Climbing ...

Gulf Island Fabrication (NASDAQ:GIFI) is a company whose shares are active, trading 3.3 ...

Stock Investors Bid Up Shares of Foresta...

One of today's stocks on the move is Forestar Group (NYSE:FOR), up 3.3% to $17.18. The ...

Sterling Construction Makes a Move: Up 3...

One of today's stocks on the move is Sterling Construction (NASDAQ:STRL), up 3.3% to $8 ...

Shares of Teledyne Technologies Receive ...

Up 3.3% to $96.67, Teledyne Technologies (NYSE:TDY), is one of today's notable movers. ...

Buyers Accumulate Shares of Sun Hydrauli...

One of today's notable stocks on the rise is Sun Hydraulics (NASDAQ:SNHY), up 3.3% to $ ...