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Adtran Inc Shares Down 18.3% Since SmarTrend's Sell Call (ADTN)

By James Quinn

SmarTrend identified a Downtrend for Adtran Inc (NASDAQ:ADTN) on July 18th, 2019 at $14.13. In approximately 2 months, Adtran Inc has returned 18.33% as of today's recent price of $11.54.

In the past 52 weeks, Adtran Inc share prices have been bracketed by a low of $9.92 and a high of $19.30 and are now at $11.52, 16% above that low price. The 200-day and 50-day moving averages have moved 0.48% lower and 3.32% lower over the past week, respectively.

ADTRAN, Inc. designs, develops, manufactures, markets, and services a variety of high-speed digital transmission products. The Company's products are used by telephone companies and corporate end-users to implement advanced digital data services over existing telephone networks. ADTRAN also offers a line of multiplexers which provides modular flexibility.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Adtran Inc.

Log in and add Adtran Inc (ADTN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights adtran inc

Ticker(s): ADTN