Chart courtesy of stockcharts

Atmel shares were up today nearly 5% or 0.24 to $5.29 , after company announced today its board authorized $250 million for the repurchase of shares. Looking at the daily chart, we can see that stock continue their rebounding move after the lows of $4.41 in the middle of August. Today stock found some resistance to breakout 50 daily moving average, however overall indicators are in confortable zones, so keep an eye on ATML for a possible breakout over $5.39. It seems that it will break soon.