JDS Uniphase Close to 200 Day Moving Average

Published on Thursday, 01 July 2010 07:36 Written by TradersHuddle Staff

New York, July 1st (TradersHuddle.com) - Shares of JDS Uniphase Corporation (NASDAQ:JDSU) traded at $9.84 close to its 200 day moving average currently set at $9.53. JDS Uniphase's price action is just above this key support level, and it will certainly raise traders attention, as a possible trading opportunity.

JDS Uniphase Corporation (NASDAQ:JDSU) provides communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. The Company also provides optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense.

Latest price action range, defined by a peaks and troughs algorithm places calculated support at $10.71 and calculated resistance at $11.92. These levels will certainly be watched by traders, as they provide insight into the latest price dynamics defined by JDS Uniphase stock.

Traders wanting to establish a position on JDS Uniphase will be looking at the price action for evidence of buying near the 200 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.