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Aruba Networks, Inc. (ARUN) Message Board

  • isdrlhet isdrlhet Jan 28, 2013 3:54 PM Flag

    Price movement

    Technically, ARUN has been showing support around 20.21 and resistance in the 24.05 price range. It is rated a buy by helpisland website.

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    • "resistance in the 24.05 price range."

      This is precisely the reason not to get too excited about today's move! Unless [and until] ARUN can break through [with conviction] the February 15th and March 27th highs, it is best to wait before adding to your position, if you haven't already added. Sure, you could get a 5% pop, but unless there is some conviction, it could be a s-l-o-w decline once again. It's happened before to ARUN...just look at a daily chart.

      Once that is done [no mean feat, btw] the rise to $25 is the next hurdle. This is an area with a v-e-r-y firm triple top, that could very well take some time to not only break through with conviction, but to keep the move sustained, alive and have enough volume behind it to take it to the $30 area of July, 2011.

      Yes, it HAS been that long ago!

      However, first things first. Keep and eye on the volume as ARUN approaches the $25 area. This area between where ARUN is now and the $25 area has a lot of overhead resistance...could take more time than imagined to break through.

      Just my $.03...adjusted for inflation.

 
ARUN
24.620.00(0.00%)2:23 PMEDT