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Cavium Networks Crosses Above its 10-day MA (CAVM)

By David Diaz

Cavium Networks (NASDAQ:CAVM) shares have crossed bullishly above their 10-day moving average of $71.62 on a volume of 109K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Cavium Networks share prices have been bracketed by a low of $35.90 and a high of $77.42 and are now at $72.25, 101% above that low price. The 200-day and 50-day moving averages have moved 0.51% lower and 1.31% lower over the past week, respectively.

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 69.6%. 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