A10 Networks (ATEN) was upgraded to a buy by TheStreet's Quant Ratings service. The company provides business-critical applications that are secure, available and efficient for multi-cloud transformation and 5G readiness.
All that sounds good but let's review the charts.
In this daily bar chart of ATEN, below, we can see that prices have sprinted higher in recent days. The bigger picture is important. Prices are in an uptrend from early October. ATEN is trading above the rising 50-day and 200-day moving average lines.
The On-Balance-Volume (OBV) line is positive and the Moving Average Convergence Divergence (MACD) oscillator is bullish.