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Tuesday, November 28, 2006 

JDS Uniphase Corporation " Resistance becomes support " , LVLT jump

Chart courtesy of stockcharts

JDSU 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 ".

Chart courtesy of stockcharts

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.

That's All. Have a great weekend !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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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