Large Inflow of Money Detected in Brocade Communications Systems

Brocade Communications Systems (BRCD) stock had a bullish inflow of $22.35 million worth of trades on uptick and an outflow of $19.1 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.17. The net money flow into the stock was $3.25 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.72 million. An inflow of $3.16 million block trade was recorded on downticks. $5.88 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 1.86 in favor of the bulls. However, Brocade Communications Systems (BRCD) stock traded down $0.7 , and reached $9.09, a drop of -7.15% over the previous day. On a weekly basis, the stock is -3.3%, over the previous weeks close.


The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 4.4%. Shares have dropped -14.26% from its 1 Year high price. On Aug 21, 2015, the shares registered one year high at $11.28 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.95 and the 200 Day Moving Average price is recorded at $9.05.

Brocade Communications Systems (NASDAQ:BRCD): The stock opened at $9.56 on Thursday but the bulls could not build on the opening and the stock topped out at $9.57 for the day. The stock traded down to $8.94 during the day, due to lack of any buying support eventually closed down at $9.09 with a loss of -7.15% for the day. The stock had closed at $9.79 on the previous day. The total traded volume was 20,493,522 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & General Counsel) of Brocade Communications Systems Inc, Odonnell Ellen had sold 8,129 shares worth of $72,104 in a transaction dated June 10, 2016. In this transaction, 8,129 shares were sold at $8.87 per share.

Brocade Communications Systems, Inc. (Brocade) is a supplier of networking equipment, including end-to-end Internet Protocol-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers. Brocade offers networking hardware and software products and services. Its products and services are marketed, sold and supported globally to end-user customers through distribution partners, including original equipment manufacturers, distributors, systems integrators, value-added resellers and directly to end-users by the Brocade direct sales force. The Company operates in four segments: Data Storage, Global Services, IP Layer 2-3 and IP Layer 4-7/ Application Delivery Products.

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