looks ready for a continued move higher after the recent break past resistance near 11.50. The short sellers added 8 million shares to their position below 11.74 and now that the stock is holding above that prior high they are beginning to feel the pain of being wrong. This one could get moving here.
Tellabs, Inc. is engaged in designing and marketing equipment to telecommunications service providers worldwide. The Company also provides deployment and professional services to support its products. Its products and services enable its customers to deliver wireline and wireless voice, data and video services to business and residential customers. Tellabs sells its products in the United States and internationally (both under the Tellabs brand and under private labels) through its field sales force and selected distributors. The Company has three segments: Broadband, Transport and Services. Its customer base includes incumbent local exchange carriers, wireless service providers, independent operating companies, local telephone administrations (post, telephone and telegraph administrations), original equipment manufacturers, cable operators, alternate service providers, competitive local exchange carriers, Internet service providers, government agencies and system integrators.