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Callidus Software: The Winning Streak Continues (CALD)

By Shiri Gupta

Callidus Software (NASDAQ:CALD) traded at a new 52-week high today of $24.10. So far today approximately 110,000 shares have been exchanged, as compared to an average 30-day volume of 605,000 shares.

In the past 52 weeks, shares of Callidus Software have traded between a low of $11.48 and a high of $24.10 and are now at $23.55, which is 105% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 2.09% higher over the past week, respectively.

Callidus Software delivers enterprise application software called business performance systems. The Company's Enterprise Incentive Management (EIM) software system allows enterprises to model, administer, analyze and report pay-for-performance plans, which are designed to align employee, sales, and channel tactics with targeted business objectives.

Potential upside of 7.5% exists for Callidus Software, based on a current level of $23.55 and analysts' average consensus price target of $25.31. Callidus Software shares have support at the 200-day moving average (MA) of $16.81 and additional support at the 50-day MA of $15.79.

SmarTrend recommended that subscribers consider buying shares of Callidus Software on January 18th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.83. Since that recommendation, shares of Callidus Software have risen 34.1%. We continue to monitor CALD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows callidus software

Ticker(s): CALD