Acme Packet Loses 4% (APKT)

High-flier Acme Packet APKT has been sinking on Tuesday, and the chart is suggesting this name may be on the verge of a steeper correction. Over the last 52-weeks, APKT has surged 266%, and this was the number one performing S&P stock in 2010. Over the last month, however, APKT has lost more than 4% and is one of the worst performers on Tuesday. The stock trades at a trailing P/E of 106, a forward P/E of 46.5 and a PEG ratio of 2.71. When a momentum name like this cracks, it can get ugly fast. Keep an eye on this name as it could be volatile in the coming weeks. Acme Packet, Inc., incorporated on August 3, 2000, provides session border controllers (SBCs) that enable service providers, enterprises, government agencies and contact centers to deliver interactive communications, such as voice, video and other real-time multimedia sessions, across Internet protocol (IP) network borders.