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Bullish Moving Average Cross by Cavium Networks (CAVM)

By Amy Schwartz

Cavium Networks (NASDAQ:CAVM) crossed over its 10-day moving average of $56.59 on a volume of 289K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Cavium Networks have traded between a low of $35.90 and a high of $77.42 and are now at $56.92, which is 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.3%.

SmarTrend recommended that subscribers consider buying shares of Cavium Networks on July 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.01. Since that recommendation, shares of Cavium Networks have risen 33.9%. We continue to monitor CAVM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Cavium Networks

Ticker(s): CAVM