Below are the top five performing stocks in the S&P 500 INDEX,RTH. These companies should be watched for additional outperformance to the upside.
JDS Uniphase (NASDAQ:JDSU) lead the charge up 5.47% today, well above the S&P 500's return of 1.24% thus far. Just behind are shares of Apollo Group (NASDAQ:APOL), which is up 5.30%.
Rounding out the list of outperformers are shares of Lexmark International (NYSE:LXK) and Micron Technology (NASDAQ:MU), which are up 5.19% and 5.02%, respectively. Finally we have Juniper Networks (NASDAQ: JNPR) up a respectable 4.67% on the day.
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.
Potential upside of 17.2% exists for JDS Uniphase, based on a current level of $14.04 and analysts' average consensus price target of $16.46. The stock should hit resistance at its 50-day moving average (MA) of $14.34, as well as support at its 200-day MA of $12.21.