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Alvarion (ALVR) Downgrade Alert, Watch for 15.3% Technical Uptrend Reversal

Nov 05, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Alvarion Ltd. (ALVR)

Alvarion (NASDAQ:ALVR) downgraded to Equal Weight from Overweight, $5 target, at Stephens. The stock closed yesterday at $3.80 on volume of 1,046,900 shares, above average daily volume of 507,992.

Alvarion is currently above its 200-day moving average of $3.62 and should find resistance at its 50-day moving average of $4.16.

SmarTrend is bullish on shares of ALVR and our subscribers received an Uptrend alert on April 01, 2009 at $3.29, which has returned 15.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Alvarion Ltd. (ALVR)


Related terms: market, nasdaq, securities

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