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Stock Investors Bid Up Shares of Arris Group, Up 1.6%

Published on Wed, 03/20/2013 - 10:25
By Robert Cotter

Arris Group (NASDAQ:ARRS) is one of today's biggest movers, up 1.6% to $17.52. The Dow Jones Industrial Average is now trading 0.5% higher to 14,525 and the S&P is trading 0.5% higher to 1,557.

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.

Arris Group (NASDAQ:ARRS) has potential upside of 1.7% based on a current price of $17.52 and analysts' consensus price target of $17.82. The stock should discover initial support at its 50-day moving average (MA) of $16.79 and subsequent support at its 200-day MA of $14.40.

Arris Group share prices have moved between a 52-week high of $17.98 and a 52-week low of $10.74 and are now trading 63% above that low price at $17.52 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

By Robert Cotter
rcotter@fnno.com

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