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Altera (ALTR)

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Investors in Altera (ALTR) have been frustrated by its inability to make any headway through this bull market, but the stock is nearing the point where traders have a chance to make money on the short side. ALTR is closing in on long-standing support at $30, below which the shares last traded in 2010.

With no recent volume to prop up Altera underneath this $30 level, a breakdown is likely to lead to a quick, meaningful decline as the stock moves through this air pocket.

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