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Hot Stock: Oclaro, Shares Drop 6.0% (OCLR)Nov 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Oclaro (NASDAQ:OCLR) is one of today's worst performing low-priced stocks, down 6.0% to $1.96 on 1.5x average daily volume. Thus far today, Oclaro has traded 721,000 shares, vs. average volume of 486,000 shares per day. The stock has underperformed the Dow (-6.2% to the Dow's -0.3%) and underperformed the S&P 500 (-6.2% to the S&P's -0.3%) during today's trading. Potential upside of 52.4% exists for Oclaro, based on a current level of $1.96 and analysts' average consensus price target of $2.99. Oclaro shares should first meet resistance at the 50-day moving average (MA) of $2.52 and find additional resistance at the 200-day MA of $3.15. Oclaro share prices have moved between a 52-week high of $12.02 and a 52-week low of $1.11 and are now trading 77% above that low price at $1.96 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.7%. Oclaro Inc. develops, manufactures, and provides optical solutions designs. The Company manufactures and markets optical components, modules, and subsystems used in a range of diversified markets, including telecommunications, data communications, aerospace, consumer optics, and semiconductors. SmarTrend is monitoring the recent change of momentum in Oclaro. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oclaro in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |