Aruba Networks, Inc. provides network access solutions for the mobile
enterprises worldwide. It offers ArubaOS, an operating system software
for wired, wireless, and remote access products for integrating
user-based security, application-aware radio-frequency services, and
wireless local area network (LAN) access to deliver mobile networking
solutions, as well as provides various software modules for ArubaOS. The
company also offers Mobility Controllers, which provides context-aware
networking across wireless and wired LANs, virtual private network (VPN)
connections, and remote offices; ClearPass Access Management System for
bring your own device provisioning and onboarding, as well as for
IT-issued and personal mobile devices to connect to any network; Aruba
Instant, a controller-less Wi-Fi solution; AirWave, a multivendor
network management software that manages radio frequency (RF)
environment, controllers, wired infrastructure, and access points; and
Access Points, which offers integrated RF management, intrusion
prevention, and support for maximum client density of smartphones and
tablets.
Please take a look at the 1-year chart of ARUN (Aruba Networks, Inc.) below with my added notations:
In contrast to the overall stock market, ARUN has had a rough slide
since March. After a couple of large gaps lower in May though, the
stock has slowly started to rebound and is fast approaching $18. The
level (navy) is key to ARUN because it was both support back in October
and November, and it was also resistance in May after the 2nd gap lower.
The Tale of the Tape: ARUN is approaching a key
level at $18. A trader could enter a short position at $18 with a stop
placed above that level. If the stock were to break back above that $18
resistance a long position would be recommended instead.
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