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ADTN Crosses Below Key Moving Average Level

By Market News Video Staff, Wednesday, July 13, 11:49 AM ET
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In trading on Wednesday, shares of Adtran, Inc. (NASDAQ:ADTN) crossed below their 200 day moving average of $38.91, changing hands as low as $37.47 per share. Adtran, Inc. shares are currently trading off about 6% on the day. The chart below shows the one year performance of ADTN shares, versus its 200 day moving average:

Adtran, Inc. 200 Day Moving Average Chart

Looking at the chart above, ADTN's low point in its 52 week range is $27.83 per share, with $47.70 as the 52 week high point that compares with a last trade of $37.52.

According to the ETF Finder at ETF Channel, ADTN makes up 2.49% of the iShares S&P North American Technology-Multimedia Networking Index Fund ETF (AMEX:IGN) which is trading higher by about 1.3% on the day Wednesday.

See what other ETFs contain ADTN
See what other stocks are held by IGN

ADTN operates in the Manufacturing sector, among companies like Zhone Technologies Inc (NASDAQ:ZHNE) which is off about 0.9% today, and Superconductor Technologies Inc (NASDAQ:SCON) trading higher by about 5.1%. Below is a three month price history chart comparing the stock performance of ADTN, versus ZHNE and SCON.

ADTN,ZHNE,SCON Relative Performance Chart


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