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Upgrade Alert for JDS Uniphase (JDSU)
Feb 10, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
JDS Uniphase (NASDAQ:JDSU) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $13.79 on volume of 7.3 million shares, above average daily volume of 6.0 million. JDS Uniphase share prices have moved between a 52-week high of $29.12 and a 52-week low of $8.59 and closed yesterday at 61% above that low price at $13.79 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 2.4%.
JDS Uniphase Corporation provides communications test & measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. The Company also provides optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications.
There is potential upside of 5.0% for shares of JDS Uniphase based on a current price of $13.79 and an average consensus analyst price target of $14.48. JDS Uniphase shares have support at the 200-day moving average (MA) of $13.51 and additional support at the 50-day MA of $11.45.
SmarTrend recommended that subscribers consider buying shares of JDS Uniphase on January 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.59. Since that recommendation, shares of JDS Uniphase have risen 19.0%. We continue to monitor JDSU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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