Cavium Breaks Above 200-Day Moving Average - Bullish For CAVM

In trading on Wednesday, shares of Cavium Inc (CAVM) crossed above their 200 day moving average of $32.95, changing hands as high as $34.22 per share. Cavium Inc shares are currently trading up about 5% on the day. The chart below shows the one year performance of CAVM shares, versus its 200 day moving average:

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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 $39.52 as the 52 week high point — that compares with a last trade of $32.60.

According to the ETF Finder at ETF Channel, CAVM makes up 3.68% of the SPDR S&P Semiconductor ETF ( XSD) which is trading lower by about 0.6% on the day Wednesday.

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