Brian Kelly Wants To Buy ELX
Tags: Brian Kelly
Brian Kelly, a president of Kanundrum Research, spoke on the CNBC's Fast Money about NASDAQ index breaking its downtrend line. Brian Kelly wants to exploit this bullish indicator through Emulex Corporation (NYSE: ELX).
Emulex (ELX) is a manufacturer of storage networking infrastructure solutions and it produces Fibre Channel over Ethernet. Its business is related to companies like Cisco (NASDAQ: CSCO) and EMC (NASDAQ: EMC) and they are saying that things are improving. Therefore Brian Kelly is a buyer of ELX.
Emulex (ELX) gained 2.96% and closed at $10.78.
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