Long Position on CAVM @ $74.00 on 6/23/2015 (Momentum)

Cavium, Inc. (CAVM) designs, develops, and markets semiconductor processors for intelligent and secure networks in United States and internationally.

It offers integrated semiconductor processors for wired and wireless networking, communications, storage, cloud, wireless, security, video, and connected home and office applications.

The company’s products also include a suite of embedded security protocols that enable unified threat management, secure connectivity, network perimeter protection, and deep packet inspection.

In addition, it provides commercial grade embedded Linux operating systems, development tools, application software stacks, support and services. The company offers its products under the OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XLTM, LiquidIO, NITROX, NEURON Search, and PureVu trademarks.

Cavium, Inc. sells its products to providers of networking, wireless, storage, and consumer electronic equipment directly or through contract manufacturing organizations and distributors. 

Shares have formed a bullish "cup & handle" following the company's recent quarterly report. Higher share prices are expected for this stock.

52-Weeks Trading Range: $38.73 - $77.42

Entry Point: $74.00

Stop Loss: $70.30

Target Price: $81.40

Updates

7/17/2015 11:45:44 AM

CAVM closed at $63.83.

Position closed on 7/17/2015 at price of $63.83 with a -13.74% loss in 24 days.

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