Acme Packet Upward Momentum Looks to Continue (APKT)
Feb 01, 2010 (SmarTrend(R) Spotlight via COMTEX) --
Company: Acme Packet Inc (APKT)
SmarTrend identified an Uptrend for Acme Packet (NASDAQ:APKT) on September 17, 2009 at $9.24. In approximately 5 months, Acme Packet has returned 15.3% as of today's recent price of $10.65.
Acme Packet is currently above its 200-day moving average of $9.48 and should find resistance at its 50-day moving average of $11.00. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Acme Packet shares.
Write to Chip Brian at cbrian@tradethetrend.com
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Company: Acme Packet Inc (APKT)
Related terms: market, nasdaq, securities
