--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | Accuweather.com weather widget » | Stocks on the move in the afternoon » | VOXW - Shares soared 220% » | Stocks on the move in the afternoon » | BEAS - Shares drop » | Buy/Sell Recommendations » | Bad day for Sigma » | Stocks : AMZN , SNDK , LFL , CREE , MET » | New 52-week high - CRZO » | Trade Idea - MSFT » 

Thursday, May 03, 2007 

JDS Uniphase shares drop

Chart courtesy of stockcharts

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$.

Chart courtesy of stockcharts

Keep an eye on ALEX tomorrow for a possible breakout over 55.20$.

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.

That's All. Have a nice evening !!!

AC

Labels: ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google