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Shares of Infinera Corp Fall to a New 52-Week Low

By Shiri Gupta

Shares of Infinera Corp (NASDAQ:INFN) traded at a new 52-week low today of $5.76. Approximately 294,000 shares have changed hands today, as compared to an average 30-day volume of 3 million shares.

Infinera Corporation manufactures digital optical telecommunications equipment. The Company uses photonic integrated circuits to create digital optical networks. Infinera markets its products to carriers, data service providers, and cable operators.

Potential upside of 97.2% exists for Infinera Corp, based on a current level of $5.77 and analysts' average consensus price target of $11.38. The stock should run into initial resistance at its 50-day moving average (MA) of $7.79 and subsequent resistance at its 200-day MA of $9.09.

Infinera Corp share prices have moved between a 52-week high of $13.24 and the current low of $5.76 and are currently at $5.77 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.8%.

SmarTrend is tracking the current trend status for Infinera Corp and will alert subscribers who have INFN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows infinera corp

Ticker(s): INFN