9/28/22 CALXCalix, Inc ( NYSE:CALX )
Sector: Electronic Technology (Telecommunications Equipment)
Market Capitalization: $3.937B
Current Price: $62.44
Breakout Price: $63.20
Buy Zone (Top/Bottom Range): $59.30-$55.05
Price Target: $69.40-$71.20 (1st), $80.40-$82.00 (2nd)
Estimated Duration to Target: 31-33d (1st), 76-79d (2nd)
Contract of Interest: $CALX 11/18/22 65c, $CALX 1/20/23 70c
Trade price as of publish date: $4.80/contract, $5.10/contract
CALX
Calix ready to fall more. CALXWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
CALX Death StarNYSE:CALX gave one of my favorite bars today which I like to call a Death Star. It is an outside bearish engulfing bar that tried (and failed) to make a new high. It is one of the worst bars you can see at the top of a chart.
This one also broke out of the top of the triangle (and failed) and then broke the bottom of the triangle and closed under the trendline all in one day.
It's going to take a Jedi to save this chart.
$CALX is on BUY zone.Despite the fact that $CALX came out with earnings that are above estimates. the price of the stock dropped and found SUPPORT @ $31.00. Nice time to add shares into Portfolio. Can be gained 15-20% profit in next coming weeks.
However; manage your risk. If ti dropps below $31.00 then consider to close your position. But lots of buys are coming in.
Earnings shortcut: :
Calix (CALX) reported 4th Quarter December 2020 earnings of $0.44 per share on revenue of $170.0 million. The consensus earnings estimate was $0.33 per share on revenue of $158.9 million.
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services required to deliver the unified access network in the United States, the Middle East, Canada, Europe, the Caribbean, and internationally. The company's cloud and software platforms, and systems and services enable communication service providers (CSPs) to provide a range of services, such as basic voice and data, and advanced broadband services.