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News Breaks
07:47 EDTALTR
theflyonthewall.com: Altera to host investor meeting
Investor meeting to be held in New York on November 18 at 2 pm. Webcast Link :theflyonthewall.com



News For ALTR From The Last 14 Days
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February 2, 2010
09:01 EDTALTR
theflyonthewall.com: Altera increases share repurchase authorization
Altera announced that its board has approved a 10M share increase to the number of shares authorized for repurchase under the company’s share repurchase program. There are now 14.7M shares authorized by the board of directors for repurchase. Under the program, which was previously authorized by the board of directors, shares may be purchased in the open market from time to time at the discretion of the company’s management. :theflyonthewall.com

January 27, 2010
09:45 EDTALTR
theflyonthewall.com: Gappers report: Bullish gaps

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09:26 EDTALTR
theflyonthewall.com: Pre-market top 5 gainers

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08:29 EDTALTR
theflyonthewall.com: Altera target raised to $28 from $25 at PacCrest
Pacific Crest raised its target for Altera following the company's "strong" results and keeps an Outperform rating on the stock. :theflyonthewall.com

January 26, 2010
16:25 EDTALTR
theflyonthewall.com: Altera sees Q1 revenue up 5%-10% sequentially
Q1 consensus is $338.54M. Sees Q1 gross margins 67.5%-68.5%. :theflyonthewall.com
16:24 EDTALTR
theflyonthewall.com: Altera reports Q4 EPS 34c vs. consensus of 29c

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15:25 EDTALTR
theflyonthewall.com: Companies reporting After the Market Close on Tuesday, January 26

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14:16 EDTALTR
theflyonthewall.com: Altera: Earnings release technical preview, short-skew, extreme gap risk
BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the bearish price channel at $22.11. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $22.73, $23.31, $23.74, $24.19, $24.58, $24.99, $25.48, $25.88. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $20.71. On a bearish breakdown below the price channel the following support levels would become downside objectives: $20.05, $19.75, $19.21 -- the 200-day moving average, bearish if broken, $18.76, $18.47, $18.17, $17.90, $17.63, $17.34, $17.03. NOTE: There is a large short-base at 5 days to cover, with 6.1% of the float short. Traders are positioned for negative news. Reactions on a surprise, especially a positive one given the large short-base, have a high probability of being extreme in duration and price. Extreme gap risk. :theflyonthewall.com