Thursday, May 17, 2012

Thursday Afternoon

ALLT (Daily Chart at 11:45AM)
This one was a beaky mention from a few months ago.  It was written up in IBD print edition today.  The company is an internet traffic security software provider.  They specialize in deep packet inspection and have recently signed a significant telco as a customer.

Looks like the stock is sitting on support right here right now and testing the 50 day sma.  (The 50 day has not been terribly relevant.)  You could take a starter position with a tight stop for a low risk trade.  I have no position.