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Wednesday, January 31, 2007 

JNPR down , JDSU in spotlight

Chart courtesy of stockcharts

JDSU after market closed said its fiscal second-quarter net income was $23.2 million, or 10 cents a share, compared with year-ago net loss of $42.1 million, or 20 cents a share. Excluding items, the company earned 13 cents a share. Looking at the chart the stock closed above 50dma to 17.78$ with a spike in volume, a good signal for bulls, however we must wait for tomorrow to see the impact of the earnings report in stock price.

Chart courtesy of stockcharts

JNPR shares was down 8% closind at 18.12$ today in the wake of its third consecutive incomplete earnings report.
The company has not provided a balance sheet for the past three quarters because of an internal investigation into its past stock option grants. JNPR reported a revenue of about $596 million, up 4 percent from $575 during the same period last year. Looking at the chart, stock breakdown today an important support at 18.40 , next support is near 17$.

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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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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