In last evening’s Forecast Report, Altera (ALTR) indicated a likely pre-open Wednesday near 22.20 to 22.40. From there, a possible long entry point at 22.00 to 22.20, up to 22.30, looked like an early play for Wednesday.
The stock pushed through our 22 target to hit a pre-market lows of 21.19. A buy at 22, measured to the day high of 22.73, is 3.3%% in the black. A buy at 21.19, measured to 22.73, is 7.2% in the black.
