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22.3% Return Seen to Date on SmarTrend Infinera Corp Call (INFN)

By Shiri Gupta

SmarTrend identified a Downtrend for Infinera Corp (NASDAQ:INFN) on May 29th, 2018 at $9.24. In approximately 4 months, Infinera Corp has returned 22.29% as of today's recent price of $7.18.

Over the past year, Infinera Corp has traded in a range of $6.10 to $13.24 and is now at $7.18, 18% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.3%.

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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Infinera Corp.

Log in and add Infinera Corp (INFN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights infinera corp

Ticker(s): INFN