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Ixia: The Winning Streak Continues (XXIA)

Published on Wed, 02/13/2013 - 15:29
By Peter Chu

Shares of Ixia (NASDAQ:XXIA) traded at a new 52-week high today of $21.48. This new high was reached on approximately average trading volume as 777,000 shares traded hands, while the average 30-day volume is approximately 965,000 shares.

Ixia share prices have moved between a 52-week high of $21.48 and a 52-week low of $9.95 and are now trading 113% above that low price at $21.16 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.1%.

Ixia (NASDAQ:XXIA) has potential upside of 7.8% based on a current price of $21.16 and analysts' consensus price target of $22.80. The stock should discover initial support at its 50-day moving average (MA) of $17.76 and subsequent support at its 200-day MA of $14.75.

Ixia provides high speed, multi-port network performance analysis systems. The Company's systems generate and analyze data traffic, including voice over Internet protocol traffic.

By Peter Chu
pchu@fnno.com