Stock to wacth : JDSU "Optical telecom equipment"
I start to see some positive news for JDS Uniphase after read the latest news from Verizon that it plans to spend $22.9 billion on a new fiber network. JDS Uniphase also reported today that was selected by Shangai China Telecom, the incumbent telecommunications carrier for China, to ensure the installation, maintenance and monitoring of its I.P.T.V. services.
In the daily chart above we can see that the stock closed today under the resistance 2.25 DMA 50, and the MACD fast line crossed above MACD slow line, so put this stock in your watchlist.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.
That's All. Have a great evening !!
AC