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Friday, November 03, 2006 

JDS Uniphase is on FIRE !!!!

Chart courtesy of stockcharts

Shares of JSUD "D" surged nearly 16% today to 16.58$ per share after reporting good earnings and helped by an upgrade from Needham & Co. " John Harmon " - to "Strong Buy" from "Buy", noting factors such as JDSU's improving earnings. The technical chart shows a Big run followed by an anormal volume ( 4 x average volume ) that confirms the start of the rebound. The MACD is now on top of 0 and the fast line crossover slow line, RSI reached now the Bullish area. The stock have closed today above the major resistance $16 and it's above 20 dma now, the stock came back toward the previous channel.

Keep in your wacth list these stocks : RAMBUS, GTW , ERTS , NOVL , THQI for a potential movements.

That's All. Have a nice 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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