Today, shares of Calix (NYSE:CALX) have crossed bearishly below their 10-day moving average of $8.50 on a volume of 682K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
There is potential upside of 60.0% for shares of Calix based on a current price of $7.92 and an average consensus analyst price target of $12.67. The stock should find initial resistance at its 50-day moving average (MA) of $8.52 and further resistance at its 200-day MA of $9.39.
Calix, Inc. provides communications access systems and software that enable communications service providers, or CSPs, to connect to their residential and business subscribers. The Company's products encompass its multiservice, multiprotocol access platform and its Ethernet service access platforms.
Over the past year, Calixhas traded in a range of $7.32 to $11.60 and are now at $7.92. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.