Today, shares of Calix (NYSE:CALX) have crossed bearishly below their 10-day moving average of $7.94 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
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.
Calix (NYSE:CALX) has potential upside of 2.0% based on a current price of $7.66 and analysts' consensus price target of $7.81. The stock should discover initial support at its 50-day moving average (MA) of $7.52 and subsequent support at its 200-day MA of $6.77.
Calix share prices have moved between a 52-week high of $12.21 and a 52-week low of $4.25 and are now trading 80% above that low price at $7.66 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.5%.