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Allot Communications Makes a Move: Down 1.4%

Published on Wed, 01/30/2013 - 13:24
By Mallory Stone

Allot Communications (NASDAQ:ALLT) is a company whose shares are active, trading 1.4% lower to $13.48. The Dow is trading fractionally higher to 13,956 and the S&P is currently trading fractionally lower to 1,507.

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.

Potential upside of 77.0% exists for Allot Communications, based on a current level of $13.48 and analysts' average consensus price target of $23.86. The stock should run into initial resistance at its 50-day moving average (MA) of $17.40 and subsequent resistance at its 200-day MA of $23.05.

In the past 52 weeks, Allot Communications share prices have been bracketed by a low of $13.15 and a high of $29.05 and are now at $13.48, 3% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.5%.

By Mallory Stone
mstone@fnno.com

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