Allot Communications Shares Sinking Lower, Down 3.7%

Published on Thu, 03/28/2013 - 12:15
By Robert Cotter in Market movers, ALLT, allot communications, market movers, nasdaq:allt

Down 3.7% to $11.95, Allot Communications (NASDAQ:ALLT), is one of today's notable movers. The S&P is currently trading 0.2% higher to 1,566 and the Dow Jones Industrial Average is trading 0.3% higher to 14,563.

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.

Allot Communications share prices have moved between a 52-week high of $29.05 and the current low of $11.91 and are currently at $11.95 per share. The 200-day and 50-day moving averages have moved 0.91% lower and 0.46% lower over the past week, respectively.

Allot Communications has overhead space with shares priced $11.95, or 41.1% below the average consensus analyst price target of $20.30. The stock should run into initial resistance at its 50-day moving average (MA) of $13.83 and subsequent resistance at its 200-day MA of $20.97.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Bon-Ton Stores Trading Higher on 1.2x Ab...

Bon-Ton Stores's stock is up 3.0% to $9.35 on heavy trading volume. Approximately 321, ...

Trading Lower on Heavy Volume are Shares...

The price of Intersil shares has slipped to $13.00 (a 7.3% change) on heavy trading vol ...

Trading Lower on Heavy Volume are Shares...

Enterprise Products Partners shares are trading on heavy volume today, having fallen 1. ...

Trading Lower on Heavy Volume are Shares...

GlaxoSmithKline's stock is down 0.0% to $48.46 on heavy trading volume. About 4.0 mill ...

Sellers Reduce Exposure to Shares of Man...

Shares of Manulife Financial are trading today in above average volume, with the share ...

Trading Lower on Heavy Volume are Shares...

Tenaris shares are trading on heavy volume today, having fallen 3.4% to $43.29. About ...

Pacific Ethanol's Shares Changing Hands ...

The price of Pacific Ethanol shares has slipped to $17.50 (a 7.0% change) on heavy trad ...

Trading Lower on Heavy Volume are Shares...

Shares of Turkcell Iletisim Hizmet are trading down 0.2% to $16.39 today on above avera ...