Calix saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 63 to 76.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Calix can continue to rebound and hit that benchmark.
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Calix is working on a cup without handle with a 42.50 entry. See if it can clear the breakout price in heavy volume.
Although earnings and sales growth came in at -20% and -22%, respectively, in the latest report, that shows two quarters of improvement for earnings and one for revenue.
Calix holds the No. 7 rank among its peers in the Computer-Networking industry group. Radware, Cisco Systems and Digi International are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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