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Tellabs (TLAB) Downgrade Alert, Watch for 17.7% Technical Uptrend Reversal

Oct 19, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Tellabs, Inc. (TLAB)

Tellabs (NASDAQ:TLAB) downgraded to Neutral from Buy, $7.50 target, at UBS. The stock closed Friday at $6.94 on volume of 5,381,018 shares, below average daily volume of 8,122,155.

Tellabs is currently above its 50-day moving average of $6.67 and above its 200-day moving average of $5.29.

SmarTrend is bullish on shares of TLAB and our subscribers received an Uptrend alert on July 30, 2009 at $5.89, which has returned 17.7% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Tellabs, Inc. (TLAB)


Related terms: market, nasdaq, securities

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