JDSU strong, close to breakout

Discussion in 'Stocks' started by Stocks4life, Mar 11, 2013.

  1. strong rally with good volume now approaching a breakout area.

    BREAKOUT WATCH for possible breakout above 15.71, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 17.19, 11.6% Stop: 14.99, Loss: 2.7%, Profit/Loss ratio: 4.3 : 1 - Excellent

    CURRENT PRICE 15.4, at resistance, 15.39 ± 0.32, type double, strength 6
    RESISTANCE ABOVE None.

    SUPPORT BELOW -8.2% at 14.13 ± 0.3, type double, strength 6
    -13.7% at 13.29 ± 0.28, type triple+, strength 10
    -19.3% at 12.43 ± 0.26, type double, strength 10

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=JDSU