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Downtrend Call Working As Acme Packet Stock Falls 12.5% (APKT)
Apr 11, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Acme Packet (NASDAQ:APKT) on March 1st, 2012 at $30.79. In approximately 1 month, Acme Packet has returned 12.50% as of today's recent price of $26.94.
In the past 52 weeks, Acme Packet share prices have been bracketed by a low of $24.88 and a high of $84.50 and are now at $26.94, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.6%.
Acme Packet, Inc. provides session border controllers for Internet service providers. The Company's products consist of hardware and proprietary software that allow service providers to deliver interactive communications services such as voice over Internet protocol.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Acme Packet.
Log in and add Acme Packet (APKT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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