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Shares of Arris Group Receive a Boost, Up 1.9%

Published on Tue, 05/14/2013 - 12:40
By Adrienne Chilton

Up 1.9% to $16.81, Arris Group (NASDAQ:ARRS), is one of today's notable movers. The S&P is currently trading 0.8% higher to 1,647 and the Dow Jones Industrial Average is trading 0.6% higher to 15,176.

Arris Group (NASDAQ:ARRS) has potential upside of 6.0% based on a current price of $16.81 and analysts' consensus price target of $17.82. The stock should hit resistance at its 50-day moving average (MA) of $16.91, as well as support at its 200-day MA of $15.04.

In the past 52 weeks, shares of Arris Group have traded between a low of $11.70 and a high of $17.98 and are now at $16.81, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.3%.

Arris Group Inc. is a global communications technology company specializing in the design and engineering of broadband local access networks. The Company develops, manufactures, and supplies optical transmission, cable telephony and Internet access, outside plant construction, and maintenance equipment for cable system operators.

By Adrienne Chilton