Cavium (CAVM) Shares are Up 1.83%

Cavium (CAVM) : Traders are bullish on Cavium (CAVM) as it has outperformed the S&P 500 by a wide margin of 15.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.32%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.83% in the last 1 week, and is up 15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.05% and the 50-Day Moving Average is 21.47%.The 200 Day SMA reached 4.06%. Cavium, Inc. is up 11.05% in the last 3-month period. Year-to-Date the stock performance stands at -14.35%.


Cavium (NASDAQ:CAVM): The stock opened in the green at $56.9 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $57.61 and a low of $56.21 for the day. The stock did not find buyers even at the lows and closed at $56.28 recording a loss of -0.76%. 2,823,056 shares exchanged hands during the trading day. The stock had closed at $56.71 in the previous days trading.

Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.

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