Aruba Networks (ARUN) Upgrade Alert, Watch for 166% Technical Uptrend Continuation

Aruba Networks (NASDAQ:ARUN) upgraded to Outperform from Sector Perform at RBC Capital. The stock closed yesterday at $8.14 on volume of 1,580,300 shares, above average daily volume of 969,012.

Aruba Networks is currently above its 200-day moving average of $4.72 and should find resistance at its 50-day moving average of $8.28.

SmarTrend is bullish on shares of ARUN and our subscribers received an Uptrend alert on February 09, 2009 at $3.06, which has returned 166% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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