Mellanox Technologies Ltd. (MLNX) : Traders are bullish on Mellanox Technologies Ltd. (MLNX) as it has outperformed the S&P 500 by a wide margin of 2.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.27%, 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 1.78% in the last 1 week, and is up 2.51% 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 3.01% and the 50-Day Moving Average is 3.38%.The 200 Day SMA reached 4.48%. Mellanox Technologies, Ltd. has dropped 10.49% during the last 3-month period . Year-to-Date the stock performance stands at 4.49%.
Mellanox Technologies Ltd. (NASDAQ:MLNX): The stock opened in the green at $44.09 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $44.29 and a low of $43.691 for the day. The stock did not find buyers even at the lows and closed at $44.03 recording a loss of -0.54%. 175,805 shares exchanged hands during the trading day. The stock had closed at $44.27 in the previous days trading.
Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company designs, manufactures and sells interconnect products and solutions based on the InfiniBand and Ethernet standards. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. Its products include integrated circuits (ICs), adapter cards, switch systems, cables, modules, software, services and accessories for networking solution focused on computing, storage and communication applications used in multiple markets, including high-performance computing, Web 2.0, storage, financial services, enterprise data center and cloud. Its InfiniBand products include adapter ICs and cards (ConnectX and Connect-IB product family) and switch ICs (InfiniScale, SwitchX, SwitchX-2 and Switch-IB product families) and systems, gateway ICs (BridgeX product family) and gateway systems, long-haul systems (MetroX), software, cables and modules.