Altera (ALTR) Offering Possible 7.53% Return Over the Next 10 Calendar Days

Altera's most recent trend suggests a bearish bias. One trading opportunity on Altera is a Bear Call Spread using a strike $34.00 short call and a strike $39.00 long call offers a potential 7.53% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $39.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Altera is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Altera is bearish.

The RSI indicator is at 20.28 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Altera

Coverage initiated on Altera by Northland Capital
Wed, 08 Oct 2014 09:37:45 GMT

Altera Benefits from Favorable Industry Trends
Tue, 07 Oct 2014 18:16:22 GMT
Gurufocus – In this article, let's take a look at Altera Corp. (ALTR), a $10.41 billion market cap company, which is one of the largest makers of high-performance, high-density programmable logic devices (PLDs) and …

Altera and Lime Microsystems Demonstrate Completely Programmable RF- and FPGA-Based Solutions for Military Communications
Tue, 07 Oct 2014 12:00:00 GMT
PR Newswire – BALTIMORE, Oct. 7, 2014 /PRNewswire/ — MILCOM — Altera Corporation (NASDAQ: ALTR) and Lime Microsystems, a leading provider of fully programmable radio frequency (RF) transceivers headquartered in the …

Altera and Its Ecosystem Partners to Demonstrate FPGA Technologies and System Solutions at MILCOM 2014
Thu, 02 Oct 2014 19:00:00 GMT
PR Newswire – SAN JOSE, Calif., Oct. 2, 2014 /PRNewswire/ — Altera Corporation (NASDAQ: ALTR) today announced it will demonstrate its programmable logic technology and military system solutions at the Military Communications …

Altera and ARM Expand Strategic Partnership for SoC Development Tools
Wed, 01 Oct 2014 12:00:00 GMT
PR Newswire – SAN JOSE, Calif., Oct. 1, 2014 /PRNewswire/ — ARM TechCon— Altera Corporation (NASDAQ: ALTR) and ARM (LON: ARM; NASDAQ: ARMH) today announced a long-term agreement to expand their strategic partnership …

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