JDS Uniphase (JDSU) NewsBite - JDSU Downgraded By RBC Capital Markets
Posted: Friday, February 06, 2009 1:59 PM EDT
By: Market Intelligence Center Staff
JDS Uniphase (JDSU) was downgraded today by analysts at RBC Capital Markets and the stock is now at $3.75, down $0.36 (-8.76%) on volume of 5,851,316 shares traded. The brokerage downgraded the stock to "Underperform" from "Sector Perform." Over the last 52 weeks the stock has ranged from a low of $2.01 to a high of $15.33. JDS Uniphase stock has been showing support around $3.70 and resistance in the $4.40 range. Technical indicators for the stock are bearish and S&P gives JDSU a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on JDSU the stock seems like it could be a candidate for a June out-of-the-money bear-call credit spread above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE JDS Uniphase (JDSU) Stock ReportSee what our analysts have uncovered about JDS Uniphase (JDSU).