( Yesterday close ) Chart courtesy of stockcharts

Shares of Finisar are very active today reacting to the latest news from the company that said it expects second-quarter revenue to trail its own expectations as it had to make changes to some of its products leading to lower shipments and due to excess inventory at a large customer. Looking at the daily chart of Finisar, it’s clear that stock is still trading in a Bearish Market with its share price below its 50 dma and 200 dma, however this news could bring investors to the reality, and bounce maybe occur today. Keep an eye on FNSR for a possible close above $2.50, which can bring some hope to Bulls rally stock again.

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