Tellabs (TLAB)

Company

"Tellabs innovates to deliver the mobile Internet and help our customers succeed. That's why 43 of the top 50 global communications service providers choose our mobile, optical, business and services solutions. We help them get ahead by adding revenue, reducing expenses and optimizing networks." (company website)

tlab(2-1)
TLAB 4-month chart
tlab(2-1)_1yr
TLAB 1-year chart

Buy

27 April 2010. Bought 500 TLAB at $8.98.

Tellabs has had my attention for quite a while now, climbing steadily since earnings in January. The problem was that while I could see the long-range trend, I couldn't figure out a good time to buy. Then in mid-April the price jumped for no apparent reason — again not a good time to buy. The company beat Expectations with the April earnings report and the price jumped again. I jumped in, although probably I paid too-high a price.

  • Percentage price oscillator (PPO) — crossing back above after a brief dip below the signal line
  • Volume — fairly consistent for several weeks

Based on technical analysis, MarketEdge calls TLAB a "strong buy" in a "strong upward trend."

Sell

gain Bottom line
1%

30 April 2010. Sold 500 TLAB at $9.05.

There was a sell-off after yesterday's new high, and it triggered my stop-loss order, closing me out with a miniscule profit.