JDS Uniphase (JDSU) NewsBite - JDSU Downgraded By Needham
Posted: Thursday, October 30, 2008 1:46 PM EDT
By: Market Intelligence Center Staff
JDS Uniphase (JDSU) was downgraded today by analysts at Needham and the stock is now at $5.45, down $0.55 (-9.17%) on volume of 4,071,241 shares traded. The analyst downgraded the stock to "Hold" from "Buy." Over the last 52 weeks the stock has ranged from a low of $5.12 to a high of $15.35. JDS Uniphase stock has been showing support around $5.69 and resistance in the $6.35 range. Technical indicators for the stock are neutral and S&P gives JDSU a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for JDSU. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE JDS Uniphase (JDSU) Stock ReportSee what our analysts have uncovered about JDS Uniphase (JDSU).