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Shares of Calix Inc Fall Below Previous 52-Week Low

By Shiri Gupta

Shares of Calix Inc (NYSE:CALX) traded at a new 52-week low today of $5.10. So far today approximately 70,000 shares have been exchanged, as compared to an average 30-day volume of 250,000 shares.

In the past 52 weeks, Calix Inc share prices have been bracketed by a current low of $5.10 and a high of $8.20 and are now at $5.20. The 200-day and 50-day moving averages have moved 0.07% lower and 0.73% higher over the past week, respectively.

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.

Potential upside of 53.8% exists for Calix Inc, based on a current level of $5.20 and analysts' average consensus price target of $8.00. The stock should find initial resistance at its 50-day moving average (MA) of $6.97 and further resistance at its 200-day MA of $7.43.

SmarTrend recommended that its subscribers protect gains by selling shares of Calix Inc on January 19th, 2017 by issuing a Downtrend alert when the shares were trading at $7.00. Since that call, shares of Calix Inc have fallen 25.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows calix inc

Ticker(s): CALX