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Recent 52-Week High Exceeded in Shares of Ixia (XXIA)

Published on Wed, 01/02/2013 - 15:41
By Adrienne Chilton

Ixia (NASDAQ:XXIA) traded at a new 52-week high today of $17.95. This new high was reached on approximately average trading volume as 510,000 shares traded hands, while the average 30-day volume is approximately 595,000 shares.

Ixia share prices have moved between a 52-week high of $17.95 and a 52-week low of $9.75 and are now trading 84% above that low price at $17.94 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

Ixia (NASDAQ:XXIA) is currently priced 1.3% above its average consensus analyst price target of $17.70. The stock should find initial support at its 50-day moving average (MA) of $15.13 and further support at its 200-day MA of $13.76.

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 Adrienne Chilton
achilton@fnno.com