Watch for JDSU to form a flag pattern here before breaking above 12

Watch for JDSU to form a flag pattern here before breaking above 12

A reader requested a chart for JDSU, here's my technical analysis:

I had been touting this stock back in December to hit 10.50 (see chart#140). It has exceeded my expectations. At this time JDSU has backed off resistance at 12. I would wait for a flag type pattern to develop before going long JDSU again. This is a good place to take profits/move your stop up.

Watch for JDSU to hold at trendline A, if it breaks below trendline A then the uptrend is over.

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