Harmonic (HLIT) Shares are Up 26.17%

Harmonic (HLIT) : Traders are bullish on Harmonic (HLIT) as it has outperformed the S&P 500 by a wide margin of 16.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 25.96%, 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 26.17% in the last 1 week, and is up 16.28% 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 21% and the 50-Day Moving Average is 40.88%.The 200 Day SMA reached 70.45%


Harmonic (NASDAQ:HLIT): After opening at $5.89, the stock dipped to an intraday low of $5.8 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.975 and the buying power remained strong till the end. The stock closed at $5.93 for the day, a gain of 0.85% for the day session. The total traded volume was 904,157. The stocks close on the previous trading day was $5.93.

Harmonic (HLIT) : The most positive equity analysts on Harmonic (HLIT) expects the shares to touch $7, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $5.5 with an expected fluctuation of $1.8 from the mean.

Harmonic Inc. (Harmonic) designs, manufactures and sells video infrastructure products and system solutions. The Company operates in two business segments: Video and Cable Edge. Its Video business sells video processing and production and playout solutions and services around the world to cable operators and satellite and telecommunications (telco) Pay-TV service providers and to broadcast and media companies. The products offered in the Video business segment include video processing solutions, and video production platforms and playout solutions. Its Cable Edge business sells cable edge solutions and related services to cable operators globally. The products offered in the Cabled Edge segment include edge quadrature amplitude modulation (QAM) products, centralized converged cable access platform (CCAP) Solution and Distributed CCAP Solution.

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