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Aruba Networks Shares Climbing Higher, Up 1.3%

Published on Fri, 06/28/2013 - 12:12
By Adrienne Chilton

Aruba Networks (NASDAQ:ARUN) is one of today's biggest movers, up 1.3% to $15.35. The S&P is currently trading 0.3% lower to 1,608 and the Dow Jones Industrial Average is trading 0.5% lower to 14,949.

Aruba Networks Inc. provides enterprise mobility solutions that enables secure access to data, voice and video applications across wireless and wireline enterprise networks.

Potential upside of 44.1% exists for Aruba Networks, based on a current level of $15.35 and analysts' average consensus price target of $22.11. The stock should run into initial resistance at its 50-day moving average (MA) of $16.82 and subsequent resistance at its 200-day MA of $20.49.

In the past 52 weeks, shares of Aruba Networks have traded between a low of $12.37 and a high of $26.78 and are now at $15.35, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.5% lower and 3.59% lower over the past week, respectively.

By Adrienne Chilton