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Stock Investors Sell Off Shares of Polycom, Down 3.0%

Published on Mon, 04/15/2013 - 10:32
By Peter Chu

Down 3.0% to $10.95, Polycom (NASDAQ:PLCM), is one of today's notable movers. The Dow is down 0.4% to 14,799 and the S&P is currently down 0.5% to 1,580.

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.

There is potential upside of 7.1% for shares of Polycom based on a current price of $10.95 and an average consensus analyst price target of $11.73. Polycom shares have support at the 50-day moving average (MA) of $10.46 and additional support at the 200-day MA of $10.27.

Polycom share prices have moved between a 52-week high of $13.74 and a 52-week low of $7.45 and are now trading 47% above that low price at $10.95 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

By Peter Chu
pchu@fnno.com