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Applied Optoelec is Among the Companies in the Communications Equipment Industry with the Best Relative Performance (AAOI , VIAV , MSI , PANW , CIEN )

By James Quinn

We looked at the Communications Equipment industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Applied Optoelec (NASDAQ:AAOI ) ranks first with a gain of 10.32%; Viavi Solutions (NASDAQ:VIAV ) ranks second with a gain of 2.37%; and Motorola Solutio (NYSE:MSI ) ranks third with a gain of 1.31%.

Palo Alto Networ (NYSE:PANW ) follows with a gain of 1.17% and Ciena Corp (NYSE:CIEN ) rounds out the top five with a gain of 0.90%.

SmarTrend recommended that subscribers consider buying shares of Applied Optoelec on December 27th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $11.72. Since that recommendation, shares of Applied Optoelec have risen 18.3%. We continue to monitor Applied Optoelec for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance applied optoelec viavi solutions motorola solutio palo alto networ ciena corp