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Stock Investors Bid Up Shares of Polycom, Up 4.6%

Published on Wed, 03/20/2013 - 10:16
By Adrienne Chilton

Polycom (NASDAQ:PLCM) is one of today's notable stocks on the rise, up 4.6% to $11.14. The S&P is currently trading 0.5% higher to 1,557 and the Dow Jones Industrial Average is trading 0.5% higher to 14,525.

Polycom has overhead space with shares priced $11.14, or 5.0% below the average consensus analyst price target of $11.73. The stock should discover initial support at its 50-day moving average (MA) of $10.53 and subsequent support at its 200-day MA of $10.24.

In the past 52 weeks, shares of Polycom have traded between a low of $7.45 and a high of $20.67 and are now at $11.14, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Polycom, Inc. develops, manufactures, and markets a line of video, voice, data and web conferencing collaboration solutions. The solutions include enterprise video and voice communications end-points, network infrastructure, management products, product maintenance and other professional services.

By Adrienne Chilton