JDSU drop more 5 days in a row
Thursday, July 26, 2007
JDS Uniphase shares were down more than 3% today ended the session at 14.22$. Stock down five days in a row. Looking at the daily chart, stock is now testing the support of 14$, the previous resistance area. All Indicators have now reached Bearish areas such RSI and MACD. Looks like it will hold this line as support, but watch for a possible breakdown of this 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.
Labels: JDSU
