Cavium (CAVM) Shares are Up 1.96%

Cavium (CAVM) : Traders are bullish on Cavium (CAVM) as it has outperformed the S&P 500 by a wide margin of 3.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.79%, 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 1.96% in the last 1 week, and is up 3.41% 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 4.44% and the 50-Day Moving Average is 10.98%.The 200 Day SMA reached 9.71%

Cavium

Cavium (NASDAQ:CAVM): After opening at $57.58, the stock dipped to an intraday low of $56.95 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $58.51 and the buying power remained strong till the end. The stock closed at $58.2 for the day, a gain of 1.86% for the day session. The total traded volume was 692,423. The stocks close on the previous trading day was $58.2.

Cavium (CAVM) : 10 Wall Street analysts covering Cavium (CAVM) believe that the average level the stock could reach for the short term is $60.6. The maximum price target given is $80 and the minimum target for short term is around $49, hence the standard deviation is calculated at $7.98.

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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