Market Major Trends: CIENA, JDS Uniphase, Harris, and ADTRAN
LONDON, December 23, 2013 /PRNewswire/ --
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On Friday, December 20, 2013, the U.S. equity market edged higher as the S&P 500 ended the day at 1,818.32, up 0.48%; the Dow Jones Industrial Average closed at 16,221.14, up 0.26%; and the NASDAQ Composite finished at 4,104.74, up 1.15%. The S&P 500 Information Technology Sector Index gained 0.83% to end the day at 571.80; and the S&P 500 Communications Equipment Sub-Industry Index closed 127.46, up 0.52%. The Communications Equipment Sub-Industry Index has advanced 0.66% in the previous three trading sessions, underperforming the S&P 500, which has gained 2.10%, during the same period. The major movers in the industry included CIENA Corporation (NASDAQ: CIEN), JDS Uniphase Corporation (NASDAQ: JDSU), Harris Corporation (NYSE: HRS), and ADTRAN Inc. (NASADAQ: ADTN). AAResearchReports.com has completed their technical analysis on CIEN, JDSU, HRS, and ADTN and these free reports are accessible by registering at:
CIENA Corp.'s stock advanced on Friday, closing the day 2.12% higher at $22.69, after oscillating between $22.22 and $22.88. A total of 5.06 million shares were traded, which is above the daily average volume of 3.63 million. The company's shares have advanced 3.49% in the previous three trading sessions and 5.58% in the last one month, outperforming the S&P 500, which has advanced 2.10% and 0.75% during the respective periods. Furthermore, CIENA Corp.'s stock is trading above its 200-day moving average of $20.61. Sign up for free technical research on CIEN at:
On Friday, shares in JDS Uniphase Corp. ended the day at $12.56, which is 1.62% higher than the previous day's closing price of $12.36. The company's shares vacillated between $12.34 and $12.66 during the trading session. A total of 49.72 million shares were traded, which is above the daily average volume of 5.03 million. The company's shares have gained 1.95% in the previous three trading sessions and 5.19% in the last one month, compared to a gain of 2.10% and 0.75% in the S&P 500 during the respective periods. Furthermore, JDS Uniphase Corp.'s stock is trading below its 50-day and 200-day moving averages of $13.17 and $13.86, respectively. Be sure to read our latest technical research on JDSU by registering at:
Harris Corp.'s stock advanced on Friday, hitting a new 52-week high of $68.81. The company's shares finished the day at $68.74, up 1.15% from the previous day's closing price of $67.96. A total of 1.04 million shares were traded, which is above the daily average volume of 0.63 million. The company's shares have gained 4.96% in the last one month and 18.21% in the previous three months, outperforming the S&P 500, which has gained 0.75% and 6.84% during the respective periods. Moreover, Harris Corp.'s stock is trading above its 50-day and 200-day moving averages of $63.34 and $54.35, respectively. Sign up and read the complimentary report on HRS at:
On Friday, ADTRAN Inc.'s stock advanced to end the day at $26.27, up 2.58% from the previous day's closing price of $25.61. The company's shares fluctuated between $25.62 and $26.43 during the trading session. A total of 0.93 million shares were traded, which is above the daily average volume of 0.53 million. The company's shares have gained 0.15% in the previous three trading sessions and 5.33% in the last one month, compared to a gain of 2.10% and 0.75% in the S&P 500 during the respective periods. Moreover, ADTRAN Inc.'s stock is trading above its 50-day and 200-day moving averages of $24.80 and $24.03, respectively. The free report on ADTN can be downloaded by signing up now at:
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