JDS Uniphase shares are trading on heavy volume today, having fallen 4.0% to $13.73. Today's volume of 4.8 million shares tops the average 30-day volume of 4.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
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 19.9% exists for JDS Uniphase, based on a current level of $13.73 and analysts' average consensus price target of $16.46. The stock should find resistance at its 50-day moving average (MA) of $14.37, as well as support at its 200-day MA of $12.00.
JDS Uniphase share prices have moved between a 52-week high of $29.12 and a 52-week low of $8.47 and are now trading 62% above that low price at $13.73 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.