Altera (ALTR) Offering Possible 8.7% Return Over the Next 16 Calendar Days

Altera's most recent trend suggests a bullish bias. One trading opportunity on Altera is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 8.7% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $32.00 long put strike price.

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

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

The RSI indicator is at 75.19 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Altera

Altera Announces 2015 Guidance Conference Call
Thu, 04 Dec 2014 22:04:00 GMT
PR Newswire – SAN JOSE, Calif., Dec. 4, 2014 /PRNewswire/ — Altera Corporation (NASDAQ: ALTR) today announced it will hold a conference call for interested members of the investment community at 1:45 pm Pacific Time …

Altera SDK for OpenCL Recognized as Design Tool of the Year at the 2014 Elektra Awards
Thu, 04 Dec 2014 13:00:00 GMT
PR Newswire – SAN JOSE, Calif., Dec. 4, 2014 /PRNewswire/ — Altera® Corporation (ALTR) today announced Electronics Weekly magazine selected the Altera SDK for OpenCL as its design tool of the year at the annual Elektra European Electronics Industry Awards gala in London. Today, Altera offers the industry's only OpenCL-conformant solution that allows software programmers to easily implement OpenCL applications on FPGA accelerators. Founded by Electronics Weekly in 2003, the Elektra Awards recognize the achievements of individuals and companies in the electronics industry.

Altera FPGAs and IP with New Functional Safety Development Board and Reference Designs Reduce SIL 3 Development and Certification Costs for Industrial Designs
Tue, 25 Nov 2014 13:00:00 GMT
PR Newswire – SAN JOSE, Calif., and NUREMBERG, Germany, Nov. 25, 2014 /PRNewswire/ — SPS IPC Drives — Altera Corporation (NASDAQ: ALTR) today announced the availability of a functional safety development board …

Altera adds 1.07% to Iridian portfolio
Thu, 20 Nov 2014 13:00:23 GMT

Altera to Exhibit Comprehensive Solution Portfolio for Accelerating Intelligent Automation at SPS IPC Drives 2014
Thu, 20 Nov 2014 13:00:00 GMT
PR Newswire – SAN JOSE, Calif., Nov. 20, 2014 /PRNewswire/ — Altera Corporation (NASDAQ: ALTR) today announced that it will demonstrate industrial solutions based on its field-programmable gate arrays (FPGAs) and SoCs …

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