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Stock Investors Bid Up Shares of Ixia, Up 1.6%

Published on Mon, 05/13/2013 - 12:34
By Robert Cotter

Up 1.6% to $15.53, Ixia (NASDAQ:XXIA), is one of today's notable movers. The S&P is trading fractionally higher to 1,635 and the Dow is trading fractionally lower to 15,088.

Over the past year, Ixia has traded in a range of $9.95 to $22.50 and is now at $15.53, 56% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has risen 0.3%.

Ixia (NASDAQ:XXIA) has potential upside of 46.8% based on a current price of $15.53 and analysts' consensus price target of $22.80. Ixia shares should first meet resistance at the 200-day moving average (MA) of $16.97 and find additional resistance at the 50-day MA of $18.67.

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 Robert Cotter
rcotter@fnno.com