Apple Inc. & Altera Corp. Trend Analysis Report: (NASDAQ: AAPL), (NASDAQ: ALTR)
New York, NY -- (SBWIRE) -- 01/24/2013 -- Apple Inc. (NASDAQ: AAPL) plunged down after posting its quarterly results. It also provided lower than expected outlook. The stock is currently trading at $460.07, down 10.49 percent. The stock has traded 33.362 million shares so far, higher than its average daily trading volume of 21.523 million shares. Apple is currently in bearish phase and the stock may tumble down to $450 in the coming trading sessions. The stock is only marginally higher than its 52 weeks price low of $443.14. Apple reported its quarterly earnings at $13.81 per share. It reported its revenue at $54.51 billion.
Altera Corp. (NASDAQ: ALTR) is trading in the range of $31.65 and $34.15 during its latest trading session. The stock had opened at $32.82 and is currently at $33.73, down 4.12 percent from its previous close of $35.18. Altera recorded the volume of 7.792 million shares. Its average daily trading volume stands at 3.613 million shares. Its MACD chart shows neutral trend and the stock may go as high as $33.99 in the coming sessions. Altera reported its fourth quarter earnings at 37 cents per share. Its revenue for the quarter stood at $439.4 million.
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