JDS Uniphase shares drop
JDS Uniphase shares was down nearly 14% or 2.31$ to 14.33$ after reported on Wednesday a fiscal third-quarter net loss of $14.2 million, or 7 cents per share, compared to a profit of $3.7 million, or 2 cents per share, a year ago. The company also said that net revenue rose to $361.7 million from $314.9 million. Looking at the chart the stock breakdown the major support of short term at 15$, so now stock may be ready to retest soon 14$ support. Technically stock is now in a Bearish mode, stock price is now trading below 20,50,200 dma, MACD is back again below 0 indicating a bearish market. Major support now at 14$.
Keep an eye on ALEX tomorrow for a possible breakout over 55.20$.
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That's All. Have a nice evening !!!
AC
