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Altera (ALTR) Downgrade Alert, Watch for 0.5% Technical Downtrend Continuation - 11/3/2009 8:47:36 AM

By Chip Brian, SmarTrend Analytics Team
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Altera (NASDAQ:ALTR) downgraded to Equal Weight at Morgan Stanley. The stock closed yesterday at $19.81 on volume of 8,293,781 shares, above average daily volume of 0.

Altera is currently below its 50-day moving average of $20.34 and should find support at its 200-day moving average of $17.63.

SmarTrend is bearish on shares of ALTR and our subscribers received a Downtrend alert on October 30, 2009 at $19.91, which has returned 0.5% to date.

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