Adept Technology investors sell 100,000 shares

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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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: ADEP

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