Aruba Networks (ARUN - Get Report) connects local and remote users to corporate information technology resources via distributed enterprise networks. This stock is trading up 2.3% at $22.30 in recent trading
Today's Volume: 3,674,000Average Volume: 3,898,980 Volume % Change: 134% This stock is trending up today after the company issued second quarter 2012 revenue guidance above Wall Street estimates. Aruba Networks said that second quarter 2012 revenue is expected to be in the range of $124 million to $126 million versus analysts' estimates of $123 million. >>6 Stocks at New Highs Triggering Breakouts From a technical standpoint, this stock started the day off strong trading back above its 50-day moving average of $22.64. However, at last check the stock has dropped back below that key technical level and is trading well off the daily high of $24.28. Market players should watch this stock to see if it can regain its momentum and challenge a big breakout in the near-term. That breakout will hit once ARUN takes out $25 to $26.40 (its 200-day) on high-volume. Any close back below the 50-day should signal that this stock isn't going to challenge that breakout anytime soon.