Oclaro (OCLR) : Traders are bullish on Oclaro (OCLR) as it has outperformed the S&P 500 by a wide margin of 23.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.41% in the last 1 week, and is up 21.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 11.46% and the 50-Day Moving Average is 33.17%.The 200 Day SMA reached 77.87% Oclaro, Inc. is up 75.69% in the last 3-month period. Year-to-Date the stock performance stands at 155.46%.
Oclaro (OCLR) : Currently there are 8 street experts covering Oclaro (OCLR) stock. The most bullish and bearish price target for the stock is $10 and $7 respectively for the short term. The average price target of all the analysts comes to $8.59. The estimated standard deviation from the target is $1.12.
For the current week, the company shares have a recommendation consensus of Buy. Oclaro (NASDAQ:OCLR): The stock opened at $8.81 and touched an intraday high of $8.91 on Friday. During the day, the stock corrected to an intraday low of $8.65, however, the bulls stepped in and pushed the price higher to close in the green at $8.89 with a gain of 0.57% for the day. The total traded volume for the day was 3,635,042. The stock had closed at $8.89 in the previous trading session.
Oclaro, Inc. is a provider of optical components, modules and subsystems for the optical transport, service provider, enterprise and data center markets. The Company supplies optical network technology to telecommunication and data communication equipment companies across the world. The Company designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. Its product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules and receivers. The Company supplies optical products, including tunable lasers, external modulators, integrated lasers and modulators and receivers. The Company also supplies products at the module and subsystem levels, including transceivers, transponders and controlled subsystems.