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Harmonic Inc Shares Up 16.4% Since SmarTrend's Buy Recommendation (HLIT)

By David Diaz

SmarTrend identified an Uptrend for Harmonic Inc (NASDAQ:HLIT) on July 5th, 2019 at $5.86. In approximately 2 months, Harmonic Inc has returned 16.38% as of today's recent price of $6.82.

In the past 52 weeks, shares of Harmonic Inc have traded between a low of $4.48 and a high of $8.09 and are now at $6.82, which is 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.2%.

Harmonic Inc. designs, manufactures, and markets digital and fiber optic systems. The Company's systems enable cable, satellite, and wireless operators to deliver video, Internet, telephony, and high-speed data services. Harmonic's TRANsend digital product line combines and customizes content from a variety of sources.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Harmonic Inc shares.

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

Keywords: spotlights harmonic inc

Ticker(s): HLIT