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Downgrade Alert for Mellanox Technologies (MLNX)
[January 25, 2013]

Downgrade Alert for Mellanox Technologies (MLNX)

Jan 25, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Mellanox Technologies (NASDAQ:MLNX) was downgraded from Buy to Hold at Craig-Hallum today. The stock closed yesterday at $51.01 on volume of 11.2 million shares, above average daily volume of 1.5 million. Over the past year, Mellanox Technologies has traded in a range of $24.51 to $120.05 and closed yesterday at $51.01, 108% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3% while the 200-day MA has risen 0.2%.

Mellanox Technologies (NASDAQ:MLNX) has potential upside of 38.0% based on a current price of $51.01 and analysts' consensus price target of $70.40. The stock should run into initial resistance at its 50-day moving average (MA) of $65.18 and subsequent resistance at its 200-day MA of $77.52.

Mellanox Technologies Ltd. designs and develops semiconductor-based, high-performance interconnect products. The Company's products facilitate data transmission between servers and storage systems through communications infrastructure equipment.

SmarTrend recommended that its subscribers protect gains by selling shares of Mellanox Technologies on December 3rd, 2012 by issuing a Downtrend alert when the shares were trading at $70.43. Since that call, shares of Mellanox Technologies have fallen 27.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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