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AboveNet Spiked Lower on Bloomberg Report That Company Stops Sales Process; Crosses Below 200-Day Moving Average

By Eddie Staley
Benzinga Staff Writer
July 12, 2011 12:46 PM

Symbols: ABVT

Posted in: Intraday Update, Movers

AboveNet (NYSE: ABVT) spiked lower on a Bloomberg report that the company stops its sales process after the bids fall short. The shares of AboveNet crossed below the 200-day moving average at $62.52.

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