Trading Lines in Review for Aviat Networks Inc (AVNW) as Channel Indicator Runs to Hold

Avid investors may be following technical signals on shares of Aviat Networks Inc (AVNW). After a recent check, we have noted that the 60-day commodity channel index reading is Hold. The CCI indicator is generally used to identify overbought and oversold levels. The CCI signal direction is currently pointing to a Rising. Changing the time-frame to the medium-term, we note that the reading from the 40-day commodity channel index is presently Hold. The signal direction is Rising.

Investing in the stock market has traditionally offered higher returns than other types of investments. With the higher potential for returns, there is also a higher risk factor. Investors typically need to address their own personal risk situation before jumping into the market. Figuring out risk appetite can help when choosing which types of stocks to buy. Some investors will decide that they want to take a chance on certain stocks that have the potential to outperform in the future. Other investors may opt to play it safe and build a portfolio with low risk, staple stocks. 

Tracking some alternate information, we have noted that the company’s current book value is 11.68. The book value is the per share value of a company based on its equity available to common shareholders for the trailing 12 months. Shifting gears, the company has a current interest coverage value of 43.33. This value measures a company’s ability to honor its debt payments. When the value is below 1, the company may not be generating enough cash from its operations to meet its interest obligations. Tracking current trading session activity on shares of (company), we can see that the stock price recently hit 13.8. Since the start of the session, the stock has managed to touch a high of 14.01 and drop to a low of 13.38.

Investors are often closely following recent stock price support and resistance levels. The support is a level where a stock may see a bounce after it has dropped. If the stock price can break through the first support level, the attention may move to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it hits a certain level of resistance. After a recent look, the stock’s first resistance level is 14.08. On the other side, investors are watching the first support level of 13.45. Investors may also want to take a longer-term look at company shares. According to the most recent information, the stock has a 52-week high of 19.07 and a 52-week low of 12.29. Staying on top of longer-term price action may help provide investors with a wider scope of reference when examining a stock.

Investors who are new to picking stocks may find themselves tempted to buy shares that have been recently rising the most. Although the traditional advice is to buy low and sell high, novice investors often do just the opposite. Buying a particular stock just because it has been rising recently may end up leaving the investor shaking their head down the road. Expecting that a stock will continue to ride the wave higher can lead to disappointment when momentum suddenly shifts. Studying the fundamentals of a certain company can help the investor gauge if the stock is a worthy buy at current levels.