Atmel (ATML) Volatility Rises on Analyst Call; Shares Slip Below 50-Day SMA
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Shares of Atmel Corp (Nasdaq: ATML) a volatile as the stock trades at session lows Monday. Earlier, UBS cut its rating on the firm from Buy to Neutral.
Implied volatility is up 25 percent from last Friday's close and 29 percent above the trailing annual average.
Shares are down about 7 percent, finding support at $5.85.
Looking at a one-year chart, Atmel's shares fell below the 20-day and 50-day SMAs, which are at $6.19 and $6.06, respectively.
Implied volatility is up 25 percent from last Friday's close and 29 percent above the trailing annual average.
Shares are down about 7 percent, finding support at $5.85.
Looking at a one-year chart, Atmel's shares fell below the 20-day and 50-day SMAs, which are at $6.19 and $6.06, respectively.
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