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Callidus Software Shares Climbing Higher, Up 1.1%

Published on Thu, 06/13/2013 - 12:05
By Adrienne Chilton

Callidus Software (NASDAQ:CALD), a company whose shares are moving quickly, is trading 1.1% higher to $6.22. The Dow is up 0.2% to 15,029 and the S&P is currently up 0.3% to 1,618.

Potential upside of 19.0% exists for Callidus Software, based on a current level of $6.22 and analysts' average consensus price target of $7.40. The stock should discover initial support at its 50-day moving average (MA) of $5.07 and subsequent support at its 200-day MA of $4.63.

In the past 52 weeks, Callidus Software share prices have been bracketed by a low of $3.60 and a high of $6.50 and are now at $6.22, 73% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.1%.

Callidus Software delivers enterprise application software called business performance systems. The Company's Enterprise Incentive Management (EIM) software system allows enterprises to model, administer, analyze and report pay-for-performance plans, which are designed to align employee, sales, and channel tactics with targeted business objectives.

By Adrienne Chilton
achilton@fnno.com