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Buyers Accumulate Shares of JDS Uniphase, Up 2.2%

Published on Wed, 02/27/2013 - 13:24
By Adrienne Chilton

JDS Uniphase (NASDAQ:JDSU) is one of today's biggest movers, up 2.2% to $14.55. The Dow Jones Industrial Average is now trading 0.9% higher to 14,029 and the S&P is trading 1.0% higher to 1,512.

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.

JDS Uniphase (NASDAQ:JDSU) has potential upside of 13.1% based on a current price of $14.55 and analysts' consensus price target of $16.46. JDS Uniphase shares have support at the 50-day moving average (MA) of $13.92 and additional support at the 200-day MA of $11.65.

Over the past year, JDS Uniphase has traded in a range of $8.47 to $29.12 and is now at $14.55, 72% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

By Adrienne Chilton
achilton@fnno.com