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Wednesday, September 27, 2006 

Stock to wacth : JDSU "Optical telecom equipment"

Chart courtesy of stockcharts

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.
So, many news that could improve the performance of this stock for the months ahead.
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


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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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