Cavium Networks (CAVM) Bullish Technical Alert - Trend Up 101.3%

Cavium Networks (NASDAQ:CAVM) is trading 1.6% higher (up $0.33 to $21.00) today on volume of 241,525 shares. The stock is trading near its 52-week high of $21.05. We are watching for a close above that level.

Cavium Networks is currently above its 50-day moving average of $17.81 and above its 200-day moving average of $12.88.

SmarTrend is bullish on shares of CAVM and our subscribers received an Uptrend alert on February 06, 2009 at $10.43, which has returned 101.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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