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Tuesday, January 24, 2012

The Breakout for Today: ADTN

Hello my Investors, Traders and Readers friends. The market begins to show signs of life. Although the volumes of shares continued a little low, yesterday saw more volatility throughout the day on Wall Street. The three main indices, the DJ-30, SP-500 and Nasdaq Comp. closed virtually no change from Friday. However, during the day was perceived more movement in relation to the previous days. If this continues, we will likely see in the following days, a correction in the market. Along with this, higher volatility and greater price movement.
Yesterday, Adtran Inc. (ADTN) made ​​an interesting breakout. The price of this stock was U.S. $ 34.99 (+3.18%). The jump from yesterday, not only brings the highest level of the last few months, but it is the first time since July 2011 that closes above the SMA 200 days. If you can consolidate this progress, the next to be around U.S. $ 42.



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