Acme Packet Shares Climbing Higher, Up 22.4%

Published on Mon, 02/04/2013 - 11:11
By Peter Chu in Market movers, APKT, acme packet, market movers, nasdaq:apkt

Up 22.4% to $29.30, Acme Packet (NASDAQ:APKT), is one of today's notable movers. The S&P is currently trading 0.7% lower to 1,503 and the Dow Jones Industrial Average is trading 0.8% lower to 13,900.

Acme Packet, Inc. provides session border controllers for Internet service providers. The Company's products consist of hardware and proprietary software that allow service providers to deliver interactive communications services such as voice over Internet protocol.

In the past 52 weeks, shares of Acme Packet have traded between a low of $13.26 and a high of $36.27 and are now at $29.30, which is 121% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.5%.

Acme Packet (NASDAQ:APKT) is currently priced 28.5% above its average consensus analyst price target of $20.95. The stock should discover initial support at its 50-day moving average (MA) of $21.97 and subsequent support at its 200-day MA of $20.24.

By Peter Chu
pchu@fnno.com

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