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Downtrend Call Realized As Tellabs Stock Falls 17.3% (TLAB)May 16, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Tellabs (NASDAQ:TLAB) on January 25, 2011 at $5.64. In approximately 4 months, Tellabs has returned 17.3% as of today's recent price of $4.67. In the past 52 weeks, shares of Tellabs have traded between a low of $4.60 and a high of $9.24 and are now at $4.67, which is 2% above that low price. Tellabs is currently below its 50-day moving average of $5.06 and below its 200-day moving average of $6.35. Look for these moving averages to decline to confirm the company's downward momentum. In the last five trading sessions, the 50-day MA has fallen 1.2% while the 200-day MA has slid 1.09%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Tellabs. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup |