JDS Uniphase Corporation " Resistance becomes support " , LVLT jump
Chart courtesy of stockchartsJDSU stock broke out a few days ago $18 resistance level, and has retraced to the support today with sucess. Could be a bullish stock if resistance becomes support, so keep this baby in your watch list for a possible rally from here "Resistance becomes support ".
Shares of LVLT rose more than 2.5% today probably because some commentaries of Jim Cramer during last night's CNBC Mad Money show "Lightning Round ".
Jim Cramer said " Stock is going down, lots of people panicking. ... LVLT is the single best play on the shortage of bandwidth. I still think this stock could double in a couple of years. Why back away? Why not back up the truck?" Stocks to watch tomorrow : SIRI - Close today near the highs of the day.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
AC
