Polycom Trades above Moving Averages in October


Nov. 10 2015, Updated 5:06 p.m. ET

Shareholder returns and stock trends

Polycom (PLCM) generated investor returns of 5.4% in the trailing-12-month period and 29.4% in the trailing-one-month period. In comparison, it generated returns of 20.2% in 2014 and 2.1% YTD (year-to-date). The company’s share price rose 3.1% in the trailing-five-day period.

In comparison, Cisco (CSCO) and F5 Networks (FFIV), peer companies in the Communications Equipment subsector, generated returns of 12% and -8.0%, respectively, in the trailing-one-month period.

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Moving averages

On October 30, 2015, Polycom closed the trading day at $13.78. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 20% above its 100-day moving average of $11.44
  • 21% above its 50-day moving average of $11.40
  • 7% above its 20-day moving average of $12.86

Moving average convergence divergence and the relative strength index

The MACD (moving average convergence divergence) is the difference between the short-term and long-term moving averages of a company. Polycom’s 14-day MACD is 0.65. This positive figure indicates an upward trading trend.

The company’s 14-day RSI (relative strength index) is 70, which shows that the stock is overbought. Generally, if the RSI is above 70, it indicates that a stock is overbought. An RSI figure of below 30 suggests that a stock has been oversold.

Analyst recommendations

Out of nine analysts covering the stock, one has a “buy” recommendation on it, two have “sell” recommendations, and six recommend a “hold.” The analyst stock price target for the company is $14, with a median target estimate of $14.50. Polycom is trading at a discount of 5% to median analyst estimates.

Polycom constitutes 2.8% of the iShares North American Tech-Multimedia Networking ETF (IGN) and 0.10% of the iShares Russell 2000 ETF (IWM).


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