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The stock has a nice looking base pattern and could trade higher in the weeks ahead.
Trade-Ideas LLC identified Calix (CALX) as a strong on high relative volume candidate
These under-$10 stocks are poised to break out and trade higher from current levels.
M&A deals continue to shrink the playing field among networking companies, but plenty of buyout candidates remain, including standouts such as Infoblox, Siena and Juniper.
The bid of $24.67 per share marks a discount to Friday's close, sending the target's shares lower in early trading.