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Thursday, January 04, 2007 

JDS Uniphase Corp. agrees to Acquire Casabyte

Chart courtesy of stockcharts

Shares of JDSU rose today more than 4% to 17.93$ after the company said that it planned to buy Casabyte, a company specializing in monitoring the service quality of mobile phone networks. According to JDSU this acquisition will help to bolster its position in the network quality assurance market. In my opinion I think that this acquisition could be very good for JDSU, Casabyte provide automated quality assessment technology to the wireless industry.
The technical chart show that JDSU just broke out of downtrend line (from 22 Nov to 3 Jan 07) Volume is starting to pick up and RSI come back to the Bullish area.

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 !!!



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olá !! sou moderador do TubeLoko.blogspot.com, tenho interesse sim em parceria !! me diga como será a parceria

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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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