• Return to Headlines

Best Relative Performance in the Communications Equipment Industry Detected in Shares of Finisar Corp (FNSR , LITE , AAOI , CALX , SATS )

By David Diaz

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.

Finisar Corp (NASDAQ:FNSR ) ranks first with a gain of 4.73%; Lumentum Hol (NASDAQ:LITE ) ranks second with a gain of 3.87%; and Applied Optoelec (NASDAQ:AAOI ) ranks third with a gain of 2.70%.

Calix Inc (NYSE:CALX ) follows with a gain of 2.07% and Echostar Corp-A (NASDAQ:SATS ) rounds out the top five with a gain of 2.04%.

SmarTrend recommended that its subscribers protect gains by selling shares of Echostar Corp-A on September 24th, 2018 by issuing a Downtrend alert when the shares were trading at $45.97. Since that call, shares of Echostar Corp-A have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance finisar corp lumentum hol applied optoelec calix inc echostar corp-a

Ticker(s): FNSR LITE AAOI CALX SATS