Technical Analysis on Communications Equipment Equities -- Research on Infinera, Sierra Wireless, Harmonic, and ADTRAN

LONDON, May 14, 2014 /PRNewswire/ --

On Tuesday, May 13, 2014, the NASDAQ Composite ended at 4,130.17, down 0.33%, the Dow Jones Industrial Average finished the day 0.12% higher at 16,715.44, and the S&P 500 closed at 1,897.45, up 0.04%. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Information Technology Sector Index ended the day at 601.10, up 0.08%, with the index also advancing 4.52% in the last one month. Investor-Edge has initiated coverage on the following equities: Infinera Corporation (NASDAQ: INFN), Sierra Wireless Inc. (NASDAQ: SWIR), Harmonic Inc. (NASDAQ: HLIT) and ADTRAN Inc. (NASDAQ: ADTN). Free technical research on INFN, SWIR, HLIT and ADTN can be downloaded upon signing up at:

http://www.investor-edge.com/2523-register

On Tuesday, shares in Infinera Corp. fluctuated between $8.57 and $8.84 before ending the session 1.15% lower at $8.59. Infinera Corp.'s stock reported a trading volume of 1.38 million shares, below its three months average volume of 1.58 million shares. Infinera Corp.'s shares have advanced 5.27% in the previous three trading sessions and 6.18% in the last one month. However, the stock has lost 12.17% since start of this year. The stock is trading below its 50-day and 200-day moving averages of $8.82 and $9.57, respectively. Moreover, shares of the company have a Relative Strength Index (RSI) of 50.60. Sign up today to read free research on INFN at:

http://www.investor-edge.com/2523-INFN-14May2014.pdf

Sierra Wireless Inc.'s stock declined 3.73%, to close the day at $18.09. The stock recorded a trading volume of 0.97 million shares, above its three months average volume of 0.71 million shares. The stock oscillated between $17.70 and $19.00 during the session. Sierra Wireless Inc.'s stock has declined 2.95% in the previous three trading sessions, 4.79% in the past three months and 25.16% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $21.92 is greater than its 200-day moving average of $18.90. Additionally, the stock has an RSI of 36.62. Sign up today to read free research on SWIR at:

http://www.investor-edge.com/2523-SWIR-14May2014.pdf

On Tuesday, shares in Harmonic Inc. recorded a trading volume of 0.32 million shares, lower than its three months average volume of 0.61 million shares. The stock ended the day at $7.22, which was 1.10% below its previous day's closing of $7.30, and registered an intraday range of $7.16 and $7.32. Shares of the company traded at a PE ratio of 27.66. Although Harmonic Inc.'s shares have lost 2.17% since start of this year, it has surged 11.42% in the last one month and 11.59% in the previous three months. The company's stock is trading above its 50-day and 200-day moving averages of $6.85 and $7.18, respectively. Furthermore, shares of the company have an RSI of 61.98. Sign up today to read free research on HLIT at:

http://www.investor-edge.com/2523-HLIT-14May2014.pdf

ADTRAN Inc.'s stock finished Tuesday's session 1.70% lower at $21.97. A total of 0.72 million shares were traded, which was above its three months average volume of 0.68 million shares. The stock moved between $21.76 and $22.39 during the session. Over the last one month and since beginning of 2014, ADTRAN Inc.'s shares have declined 5.83% and 18.66%, respectively. However, the company's stock has gained 1.20% in the previous three trading sessions. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $25.29 is greater than its 50-day moving average of $24.33. ADTRAN Inc.'s stock traded at a PE ratio of 30.17 and has an RSI of 42.97. Sign up today to read free research on ADTN at:

http://www.investor-edge.com/2523-ADTN-14May2014.pdf

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EDITOR'S NOTES:
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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

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