Adept Technology investors sell 100,000 shares

By Bobby Raines,

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Bobby Raines 01/08/2014

Funds controlled by Austin Marxe and David Greenhouse sold 100,000 shares of Adept Technology ( ADEP ) , of which the two are beneficial owners, between Jan. 2 and Jan. 3. At $16.74 per share, the funds pulled in a total of $1,683,010 from the sale .

IK-> The technicals for ADEP ($17.07 up $0.11) are bullish with an upward trend. Recent support has been around $16.60 and recent resistance has been around $17.44. Standard & Poor's does not follow the stock. Look at the Feb. 20/25 bear-call spread for a 25-cent credit. That's a 5.26% return and the stock has to rise 17.2% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on

This article appears in: Investing Options
Referenced Stocks: ADEP

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