Red’s Bull Trade Alert: Acme Packet, Inc. (NASDAQ:APKT)

3 February 2011

LTN’s Pattern Recognition Analyst, Paul A. Ebeling, Jnr, ID’d the start of a new Bullish Trend for Acme Packet Inc. (Common)

Shares of closed Tuesday 55.92, and opened Thursday at 62.39.

APK closed the session Thursday at 67.35, +11.43 (20.44%).
The price range Wednesday was between 61.71 and 67.84 .

Volume: 9,017,363/shrs is 4+ times more than the 3 mo average volume of 1,694,300/shrs.

APKT is trading above its 50 and 200 Day Moving Averages.

My Technical Indicators augur Bullish price movement in here.

The stock’s 52 week low is 12.45, and 52 week high is 67.84. It’s P/E ratio is116.72, its EPS is 0.58, and the Div & Yield is N/A

Analysis Overall Short Intermediate Long
Bullish (0.47) Bullish (0.34) Very Bullish (0.54) Very Bullish (0.54)

Recent CandleStick Analysis Bearish
Date Candle
31 Jan 2011 DOJI

Open Gaps
Direction Date Range
Up 2 Feb 2011 56.41 to 61.71
Up 13 Oct 2010 35.89 to 35.9

Support and Resistance
Type Value Conf.
resist. 70.21 1
supp 62.09 3
supp 55.72 17
supp 50.57 6
supp 42.40 3
supp 39.12 8
supp 35.97 4

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Posted by Shayne Heffernan on Feb 3rd, 2011and filed underEquities, Latest News, Markets, News & Events, USA.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site