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Altera Trades above Moving Averages in September

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Shareholder returns and stock trends

Altera (ALTR) generated investor returns of 39.56% in the trailing 12-month period and 3.41% in the trailing one-month period. In comparison, it generated 15.89% in 2014 and 36.09% YTD (year-to-date). The company’s share price decreased 0.08% in the trailing five-day period.

In comparison, Micron (MU) and Intel (INTC), peer companies in the semiconductor subsector, generated returns of -6.58% and 1.37%, respectively, in the trailing one-month period.

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Moving averages

On September 25, 2015, Altera closed the trading day at $50.27. Based on this figure, here’s how the stock fares in terms of its moving averages:

  • 1.66% above its 100-day moving average of $49.43
  • 1.57% above its 50-day moving average of $49.48
  • 0.74% above its 20-day moving average of $49.90

Moving average convergence divergence and the relative strength index

The MACD (moving average convergence divergence) is the difference between the short-term and long-term moving averages of a company. Altera’s 14-day MACD is 0.31. This positive figure indicates an upward trend.

The company’s 14-day RSI (relative strength index) is 57, which shows that the stock is slightly overbought. Generally, if the RSI is above 70, it indicates that a stock is overbought. An RSI figure of below 30 suggests that a stock has been oversold.

Analyst recommendations

Out of 24 analysts covering the stock, one has a “buy” recommendation on it, three have a “sell” recommendation, and 20 recommend a “hold.” The analyst stock price target for the company is $50.60 with a median target estimate of $54. Altera is trading at a discount of 7% to median analyst estimates.

Altera constitutes 0.09% of the SPDR S&P 500 ETF (SPY) and 0.41% of the Technology Select Sector SPDR ETF (XLK).

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