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CAVM Makes Notable Cross Below Critical Moving Average

By Market News Video Staff, Thursday, January 10, 4:42 PM ET
Play Video: Learn About The 200 DMA

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In trading on Thursday, shares of Cavium Inc (NASDAQ:CAVM) crossed below their 200 day moving average of $30.01, changing hands as low as $29.97 per share. Cavium Inc shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of CAVM shares, versus its 200 day moving average:

Cavium Inc 200 Day Moving Average Chart

Looking at the chart above, CAVM's low point in its 52 week range is $22.30 per share, with $38.67 as the 52 week high point that compares with a last trade of $30.99.

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According to the ETF Finder at ETF Channel, CAVM makes up 2.56% of the SPDR S&P Semiconductor ETF (AMEX:XSD) which is trading higher by about 1.2% on the day Thursday.

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