Buyers Accumulate Shares of Allot Communications, Up 1.8%

Published on Wed, 06/12/2013 - 10:44
By Mallory Stone in Market movers, ALLT, allot communications, market movers, nasdaq:allt

One of today's notable stocks on the rise is Allot Communications (NASDAQ:ALLT), up 1.8% to $12.34. The S&P is trading fractionally higher to 1,628 and the Dow is trading fractionally higher to 15,134.

Allot Communications (NASDAQ:ALLT) has potential upside of 28.2% based on a current price of $12.34 and analysts' consensus price target of $15.82. The stock should find resistance at its 200-day moving average (MA) of $17.51, as well as support at its 50-day MA of $11.95.

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.

Over the past year, Allot Communications has traded in a range of $10.75 to $29.05 and is now at $12.34, 15% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has remained constant.

By Mallory Stone
mstone@fnno.com

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