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Moving Average Crossover Alert: Altera Corporation (ALTR) - Tale of the Tape

Posted: 7/25/2013 6:29:00 AM
Referenced Stocks: ALTR

Altera Corporation ( ALTR ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for ALTR broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 8.8% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

ALTERA CORP (ALTR): Free Stock Analysis Report

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