TMCnet News
Upgrade Alert for Acme Packet (APKT)Jan 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Acme Packet (NASDAQ:APKT) was upgraded from Hold to Buy at Stifel Nicolaus today. The stock closed yesterday at $21.38 on volume of 3.0 million shares, above average daily volume of 1.8 million. Acme Packet share prices have moved between a 52-week high of $36.27 and a 52-week low of $13.26 and closed yesterday at 61% above that low price at $21.38 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.7%. Acme Packet (NASDAQ:APKT) is currently priced 23.9% above its average consensus analyst price target of $16.27. Acme Packet shares have support at the 200-day moving average (MA) of $20.57 and additional support at the 50-day MA of $19.45. Acme Packet, Inc. provides session border controllers for Internet service providers. The Company's products consist of hardware and proprietary software that allow service providers to deliver interactive communications services such as voice over Internet protocol. SmarTrend recommended that subscribers consider buying shares of Acme Packet on November 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.93. Since that recommendation, shares of Acme Packet have risen 12.9%. We continue to monitor APKT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |