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Monday, January 22, 2007 

Sun micro in focus today, JDSU good day

Chart courtesy of stockcharts

JDSU stock closed flat today, in a bad day for overall markets, however stock didn't go down when the market goes down, often goes up when the market goes up. MACD is now above 0. Keep an eye on JDSU.

Chart courtesy of stockcharts

Shares of Sunmicro doesn't react to much to the latest news, stock was down 0.02 or 0.35% to 5.75$.
Sun Microsystems Inc. and Intel Corp. said today they reached an agreement where Sun will buy Intel chips to use in its server systems. The companies said the deal includes joint engineering, design and marketing efforts. In the daily chart we start to see some weakness in the stock with MACD cross below 0, however this situation must be confirmed in the next sessions, because Uptrend is still in place.

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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