TMCnet News
Downgrade Alert for Aruba Networks (ARUN)Apr 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Aruba Networks (NASDAQ:ARUN) was downgraded from Buy to Neutral at UBS today. The stock closed yesterday at $23.53 on volume of 1.3 million shares, below average daily volume of 2.7 million. In the past 52 weeks, Aruba Networks share prices have been bracketed by a low of $12.36 and a high of $26.78 and closed yesterday at $23.53, 90% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.4%. Aruba Networks Inc. provides enterprise mobility solutions that enables secure access to data, voice and video applications across wireless and wireline enterprise networks. Aruba Networks (NASDAQ:ARUN) has potential upside of 11.1% based on a current price of $23.53 and analysts' consensus price target of $26.14. The stock should find resistance at its 50-day moving average (MA) of $24.00, as well as support at its 200-day MA of $19.81. SmarTrend is tracking the current trend status for Aruba Networks and will alert subscribers who have ARUN 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 |