Novell (NASDAQ:NOVL) initiated as Outperform at Macquarie. The stock closed yesterday at $5.91 on volume of 15,770,919 shares, above average daily volume of 5,974,439.
Novell is currently above its 50-day moving average of $4.71 and above its 200-day moving average of $4.44.
SmarTrend is bullish on shares of NOVL and our subscribers received an Uptrend alert on January 06, 2010 at $4.53, which has returned 30.5% to date.
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Ticker(s): NOVL