Oclaro (OCLR) : Traders are bullish on Oclaro (OCLR) as it has outperformed the S&P 500 by a margin of 2.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.13%, 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 1.75% in the last 1 week, and is up 9.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Oclaro (NASDAQ:OCLR): The stock opened at $5.25 on Friday but the bulls could not build on the opening and the stock topped out at $5.37 for the day. The stock traded down to $5.18 during the day, due to lack of any buying support eventually closed down at $5.23 with a loss of -0.19% for the day. The stock had closed at $5.24 on the previous day. The total traded volume was 1,556,658 shares.
The stock has recorded a 20-day Moving Average of 5.22% and the 50-Day Moving Average is 6.7%. Oclaro, Inc. is up 0.58% in the last 3-month period. Year-to-Date the stock performance stands at 50.29%.
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.