Harmonic Inc. (NASDAQ:HLIT) traded at a new 52-week high today of $8.39. So far today approximately 212,000 shares have been exchanged, as compared to an average 30-day volume of 755,000 shares.
In the past 52 weeks, Harmonic Inc. share prices are bracketed by a low of $4.48 and a high of $8.39 and is now at $8.30, 85% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 100% while the 50-day MA has declined 100%.
Harmonic Inc. designs, manufactures, and markets digital and fiber optic systems. The Company's systems enable cable, satellite, and wireless operators to deliver video, Internet, telephony, and high-speed data services. Harmonic's transend digital product line combines and customizes content from a variety of sources.
Harmonic Inc. has overhead space with shares priced $8.30, or 11.5% below the average consensus analyst price target of $9.38. The stock should find initial support at its 50-day moving average (MA) of $0.00 and further support at its 200-day MA of $0.00.
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