• 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.
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  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414029786 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

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

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