RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -0.5954%

small-cap

One NASDAQ-Listed Telecommunication Stock Near Resistance Level: Clearfield, Inc.

May 03, 2024 | Team Kalkine
One NASDAQ-Listed Telecommunication Stock Near Resistance Level: Clearfield, Inc.

CLFD
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

Clearfield, Inc.

Company Overview: Clearfield, Inc. (NASDAQ: CLFD) Clearfield, Inc. engages in the design, manufacture, and distribution of fiber protection. It operates through the Clearfield and Nestor Cable segment. The Clearfield segment involves the design, manufacture, and selling of fiber management, protection, and delivery solutions.

As per our previous US American Technology report published on ‘CLFD’ on 12th December 2023, Kalkine provided an ‘Buy’ stance on the stock at USD 27.47 based on expected valuation upside, lower balance sheet risk, and trading levels and the stock price has now moved by ~43.67% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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