Cavium, Inc. designs, develops, and markets semiconductor processors
for intelligent and secure networks. It offers integrated semiconductors
that provide single or multiple cores of processors with intelligent
layer 2 through 7 processing for enterprise network, data center,
broadband and consumer, and access and service provider markets. The
company's products also include a suite of embedded security protocols
that enable unified threat management, secure connectivity, network
perimeter protection, deep packet inspection, network virtualization,
broadband gateways, third generation/fourth generation wireless
infrastructure, storage systems, wireless high-definition multimedia
interface, cable replacement, and embedded video applications. In
addition, it provides embedded Linux operating systems, development
tools, application software stacks, support, and services. The company
offers its products under the OCTEON, OCTEON Plus, OCTEON II, OCTEON
Fusion, FusionStack, NITROX, NEURON, Celestial, ECONA, PureVu, and WiVu
trademarks. It sells its products to providers of networking, wireless,
storage, and consumer electronic equipment directly or through contract
manufacturing organizations and distributors.
To analyze the company's stock for potential trading opportunities,
please take a look at the 1-year chart of CAVM (Cavium, Inc.) below with
my added notations:
For the last (9) months CAVM has been holding a level of support at
$30 (black). After a brief dip below that level last week, the stock has
now gotten back above $30. Assuming the stock moves as it has in the
past, a rise to the $36 resistance (blue) should be in the cards.
The Tale of the Tape: CAVM has a key level at $30. A
long position could be entered at the $30 support with a stop placed
under that level. A short play could be made on a break below $30.
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