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Technical Analysis
- 11/18/2009 8:55:19 AM
By Chip Brian, SmarTrend Analytics Team
Aruba Networks (NASDAQ:ARUN) upgraded to Overweight from Equal Weight, $13 target, at Barclays. The stock closed yesterday at $9.49 on volume of 841,100 shares, below average daily volume of 1,100,030.
Aruba Networks is currently above its 50-day moving average of $8.95 and above its 200-day moving average of $6.57.
SmarTrend is bullish on shares of ARUN and our subscribers received an Uptrend alert on January 06, 2009 at $2.81, which has returned 238.3% to date.
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