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SmarTrend Watching for Potential Rebound in Shares of Cavium Inc After 4.21% Loss

By Shiri Gupta

Cavium Inc (NASDAQ:CAVM) traded in a range yesterday that spanned from a low of $86.88 to a high of $91.00. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $89.40 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Cavium Inc on September 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.60. Since that recommendation, shares of Cavium Inc have risen 43.0%. We continue to monitor CAVM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Cavium Inc share prices have been bracketed by a low of $35.90 and a high of $92.66 and are now at $87.15, 143% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.3%.

Keywords: rebounders cavium inc

Ticker(s): CAVM