Mellanox Technologies Ltd. (MLNX) Shares are Up 2.37%

Mellanox Technologies Ltd. (MLNX) has been under a strong bear grip, hence the stock is down -1.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.2% in the past 1 week. The stock has risen by 2.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.77% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.11% and the 50-Day Moving Average is 0.94%.The 200 Day SMA reached 5.63%

Mellanox

Mellanox Technologies Ltd. (NASDAQ:MLNX): The stock opened in the green at $43.72 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $44.13 and a low of $43.15 for the day. The stock did not find buyers even at the lows and closed at $43.25 recording a loss of -1.08%. 637,164 shares exchanged hands during the trading day. The stock had closed at $43.25 in the previous days trading.

Mellanox Technologies Ltd. (MLNX) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $85 and the lowest price target forecast is $50. The average forecast of all the analysts is $63.8 and the expected standard deviation is $10.63.

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.

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