Viavi Solutions Inc. (VIAV)

Viavi Solutions Inc. is trading at $41.24, down 10.85% on the session. The 50 day average sits at $43.47 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 56.1, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $38.89 with resistance near $43.74, so that band frames the current range. Average daily movement is roughly $3.23, or about 7.8% of the share price, which is what any stop placement has to allow for. The overall health score of 56 out of 100 combines a trend score of 48, momentum of 88 and a risk score of 22.

Viavi Solutions Inc. engages in the provision of test and measurement and optical technologies for military, aerospace, railway and first responder communications in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides integrated portfolio of test, monitoring, assurance, and resilient PNT solutions that enable and secure critical infrastructure. This segment also offers instruments, microprobes, and perpetual software licenses that support the development, production, maintenance, and optimization of network systems, as well as repair, calibration, extended warranty, software support, technical assistance, training, and consulting services. The OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell technologies for the anti-counterfeiting, 3D sensing, government and aerospace, automotive, and industrial markets. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.