user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 414986 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Allot Communications Bearish Moving Average Crossover Alert (ALLT)

Published on Thu, 01/03/2013 - 12:09
By Adrienne Chilton

Today, shares of Allot Communications (NASDAQ:ALLT) have crossed bearishly below their 10-day moving average of $17.33 on a volume of 4.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

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 $13.85 and are currently at $14.07 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 2.1%.

Allot Communications has overhead space with shares priced $14.07, or 48.9% below the average consensus analyst price target of $27.55. The stock should find initial resistance at its 50-day moving average (MA) of $20.71 and further resistance at its 200-day MA of $23.83.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Iron Mountain Crosses Above its 10-day M...

Today, shares of Iron Mountain (NYSE:IRM) have crossed bullishly above their 10-day mov ...

Energizer Bearish Moving Average Crossov...

Energizer (NYSE:ENR) crossed under its 10-day moving average of $120.96 on a volume of ...

Agnico-Eagle Mines Crosses Above its 10-...

Agnico-Eagle Mines (NYSE:AEM) crossed over its 10-day moving average of $37.94 on a vol ...

Ashland Bullish Moving Average Crossover...

Today, shares of Ashland (NYSE:ASH) have advanced above their 10-day MA of $107.11 on a ...

Franco-Nevada Crosses Above its 10-day M...

Franco-Nevada (NYSE:FNV) crossed over its 10-day moving average of $56.55 on a volume o ...

Laboratory Corp of America Holdings Bull...

Laboratory Corp of America Holdings (NYSE:LH) crossed over its 10-day moving average of ...

Bullish Moving Average Cross by Consol E...

Today, shares of Consol Energy (NYSE:CNX) have advanced above their 10-day MA of $39.80 ...

BioMarin Pharmaceutical Crosses Above it...

Today, shares of BioMarin Pharmaceutical (NASDAQ:BMRN) have crossed bullishly above the ...