Altera Is Near its 50 Day Moving Average

New York, July 26th (TradersHuddle.com) - Altera Corporation (NASDAQ:ALTR) closed the trading day at $34.41, near its 50 day moving average that is set at $32.92. Altera's price action is just above this important support level, providing a trading opportunity.

Altera Corporation (NASDAQ:ALTR) 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. Altera serves customers primarily in the communications, computer and storage, industrial, and consumer sectors

The peaks and troughs algorithm shows calculated support at $29.96 and calculated resistance at $32.48. These levels should also be evaluated when planning trades, as they provide an insight into the latest price action.

Traders wanting to establish a position on Altera should look for evidence of buying near the 50 day moving average, and open this position as close as possible to this important level. Also, they need to consider the latest range defined by the peaks and troughs algorithm for insights on other key levels that might impact an upside or downside move.

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Partner Headlines

    You could minimize risk by trading in stock sectors rather than individual stocks. Find out why ETFs are the hottest investment vehicle on the planet. Try ETF Profits for FREE NOW!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 16,376.39 ▲113.83 (0.70%)
    o S&P 500 1,855.35 ▲12.37 (0.67%)
    o NASDAQ 4,068.13 ▲33.97 (0.84%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:16,376.39 Trade time:12:49PM EDT Value change:▲113.83 (0.70%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,855.35 Trade time:12:49PM EDT Value change:▲12.37 (0.67%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,068.13 Trade time:12:49PM EDT Value change:▲33.97 (0.84%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.