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Upgrade Alert for Altera (ALTR)Jun 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Altera (NASDAQ:ALTR) was upgraded from Hold to Buy at Argus Research today. The stock closed yesterday at $33.13 on volume of 3.2 million shares, below average daily volume of 3.2 million. Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools. The Company's products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits. Potential upside of 6.4% exists for Altera, based on a current level of $33.13 and analysts' average consensus price target of $35.24. The stock should hit resistance at its 200-day moving average (MA) of $33.94, as well as support at its 50-day MA of $33.10. Altera share prices have moved between a 52-week high of $38.80 and a 52-week low of $29.59 and closed yesterday at 12% above that low price at $33.13 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 0.3%. SmarTrend is tracking the current trend status for Altera and will alert subscribers who have ALTR in their portfolio or watchlist when shares have changed trend direction. 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 |