Calix Networks Inc. stock trades under the ticker CALX & has shown recent bullishness that traders & investors should take a closer look at.
CALX stock closed at $70.00/share on 12/27/2021, with additional near-term momentum signals.
Calix Networks Inc. CALX Stock’s Technicals Broken Down
CALX Stock Price: $70.00
10 Day Moving Average: $64.93
50 Day Moving Average: $66.41
200 Day Moving Average: $50.65
RSI: 56.8
MACD: -0.354
Yesterday, CALX stock completed a bullish MACD crossover, after experiencing higher than average trading volume over the last 2 weeks.
With their 10 Day Moving Average ~2% below the 50 Day MA, there will be additional positive momentum behind it to drive their share price up higher.
A relatively neutral RSI of <57 also looks to be a positive signal for CALX stock in the near-term.
Their next test of resistance will be the $73/share level.
Calix Networks Inc. CALX Stock As A Long-Term Investment
Investors may find CALX’s valuation metrics appealing, with a P/E(ttm) of 18.8 & a P/B of 8.12 (a bit rich on the P/B, but they are in the Computer Services industry).
CALX stock had 14.4% Quarterly Revenue Growth Y-o-Y.
Their balance sheet looks particularly appealing, with Total Cash (mrq) of $188.7M & Total Debt (mrq) of $14.7M.
This is likely a major reason that 81% of their total share float is held by institutional investors.
Calix Networks Inc. CALX Stock As A Short-Term Trade Using Options
Traders can use CALX options in order to benefit from their positive momentum, while hedging against risks of broader market volatility.
I am looking at the contracts with the 1/21 expiration date.
The $65 & $70 call options look appealing, with the latter having better liquidity than the former.
The $75 & $80 puts look interesting, although very illiquid with open interest of <100 for each.
This reiterates the near-term bullish sentiment.
Tying It All Together
Overall, there looks to be many appealing characteristics to CALX stock.
Investors will be pleased with their balance sheet, despite them not paying a dividend yield.
Traders will like their current momentum & technical set up.
CALX stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF CALX STOCK ***