Today's Technical View on JDS Uniphase, CIENA, ADTRAN, and Exelis
LONDON, March 25, 2013 /PRNewswire/ --
Wireless will be the key growth driver for communication equipment companies over the next few years. Meanwhile, communication equipment companies such as JDS Uniphase Corp. (NASDAQ: JDSU), Ciena Corp. (NASDAQ: CIEN), ADTRAN Inc. (NASDAQ: ADTN), and Exelis Inc. (NYSE: XLS) are also expected to benefit from an improved economic environment. Improving global economic outlook is expected to boost technology spending from businesses. This augurs well for the communication equipment industry. On Friday, communication equipment stocks ended on a mixed note even as the broad market posted significant gains as concerns over Cyprus's bailout eased a little. StockCall initiated free in-depth technical analysis on JDSU, CIEN, ADTN, and XLS which are currently available upon sign up at
http://www.stockcall.com/research
Shares of JDS Uniphase Corp. fell sharply in trading on Friday. The stock fell to an intra-day low of $13.35 before finishing the day 1.75% lower at $13.47. The stock has fallen nearly 6% in the last three trading sessions. JDS Uniphase's shares have slipped into red territory for the year due to the recent losses. The stock has also slipped below its 50-day moving average, which is a bearish signal. The bearish trend is further confirmed by recent volume activity and the stock's MACD chart. The company's shares currently have support at around $13. Sign up for the free technical analysis on JDSU at
http://www.StockCall.com/JDSU032513.pdf
Shares of Ciena Corp. also struggled in Friday's trading session, hitting an intra-day low of $15.62 before finishing the day 13.13% lower at $15.76. Ciena's shares fell more than 7.20% last week. The stock has pared most of its gains for the year as a result of the sell-off last week. Year-to-date, the company's shares are now up nearly 0.40%, compared to a gain of nearly 9.20% for the S&P 500. Ciena Corporation shares have also slipped below their 50-day moving average. The stock's MACD has crossed below the signal line, which is a strong bearish signal. Download the free report on CIEN by registering at
http://www.StockCall.com/CIEN032513.pdf
Shares of ADTRAN Inc. rallied in trading on Friday, paring some of the losses from earlier in the week. The stock ended the day 2.46% higher at $19.54 after hitting an intra-day high of $20.43. Still, the stock finished more than 4.30% lower for the week. Year-to-date, ADTRAN Inc. are now up nearly 0.50%. The stock rebounded on Friday after finding support at $19. However, technical indicators for ADTRAN are still giving bearish signals. The stock is still trading well below its 50-day and 200-day moving averages. The stock's MACD has also slipped below the signal line and the zero-line. The free report on ADTN can be downloaded by signing up now at
http://www.StockCall.com/ADTN032513.pdf
Exelis Inc.'s shares ended flat on Friday. The stock closed at $10.91 after touching an intra-day high of $11.08. The company's shares also struggled last week, falling more than 1.60%. Year-to-date, the stock has fallen more than 2.20% even as the broad market has rallied. Exelis shares have been struggling to break through $11.20 resistance level. The stock has traded in a very tight range over the past few weeks. The MACD chart for Exelis is currently giving strong bearish signals. Free report on XLS can be accessed by registering at
http://www.StockCall.com/XLS032513.pdf
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