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Shares of ADTN Down 55.1% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Adtran Inc (NASDAQ:ADTN) on July 18th, 2019 at $14.13. In approximately 8 months, Adtran Inc has returned 55.06% as of today's recent price of $6.35.

In the past 52 weeks, Adtran Inc share prices have been bracketed by a low of $4.80 and a high of $17.81 and are now at $6.35, 32% above that low price. The 200-day and 50-day moving averages have moved 1.4% lower and 2.72% 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