FNSR - Sector: Technology - Industry: Communications Equipment

[Melf Elf]

Funny to look at my ghetto charting from a year ago when i started this thread hehe 

 

Even if this is a Bear Channel, it looks like FNSR wants to get to that gap. If Leg CD equals Leg AB, or anywhere close, the gap will get filled.

Good luck!

[Terliso]

Good stuff....
All important moving averages are below the price, that means less pressure

[Melf Elf]

Fous' Symmetrical Triangle (pattern in blue):

1. Broke out on October 9

2. Reversed back below the breakout on October 10

3. Tagged the bottom of the pattern on October 11, then bounced

4. Broke out again on October 12

5. Opened at the top of the pattern on October 13, then moved higher

6. Gapped away to the upside yesterday, on good volume

4.58 is IN PLAY, where Leg CD = Leg AB

4.88 is IN PLAY from the Symmetrical Triangle breakout

[akclide]

What does today's price action suggest,anyone.

[Terliso]

Good stuff....
All important moving averages are below the price, that means less pressure

This is best time to add more shares, FNSR is retesting the trendline

[Terliso]

I'm liking the set-up for FNSR, the 50sma is supporting the price very neatly in weekly scale while forming a bullish Ascending triangle

[Terliso]

I'm liking the set-up for FNSR, the 50sma is supporting the price very neatly in weekly scale while forming a bullish Ascending triangle

I'm looking for entry point, FNSR is showing a bullish formation & Bullish weekly MACD crossover above zero level, but I'm just a little bit concern about the distribution indicator fell below the red line in weekly chart let's see what will happen in the next few weeks.

[setravis]

"FNSR" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.            
All history on a stock pick in 1 thread is awesome.           

Thank You....and good luck with all your trades....make some $$$       


I will leave you with today's chart while I'm in this thread.
Triple Top (reversal) Pattern.....  

[setravis]

JDSU's Huge December Quarter Triggers Optical Stock Frenzy...

During the original Internet bubble, some of the most egregious stock market valuations came in shares of optical networking equipment providers. Thanks to the emergence of a large number of competitive local exchange carriers and various other new telcos, demand for optical networking gear soared – until it became apparent that the telecom industry's construction frenzy had created a gigantic bandwidth glut. The CLEC's gradually disappeared, and the optical stocks subsequently fizzled, and demand dried up.

No stock had a more spectacular rise in that period than JDSU (JDSU), which at one point had a market cap of $125 billion, before staging one of the greatest stock collapses of all time. But JDSU has been through a mammoth restructuring process, and lately has seen a resurgence in demand – the bubble era excess capacity has been soaked up, and then some. The latest evidence comes in the form of JDSU's earnings report for the fiscal second quarter ended January 1.

For the quarter, JDSU reported $477.2 million in revenue on a non-GAAP basis, or $473.5 million on a GAAP basis, ahead of the Street consensus at $437.7 million. Non-GAAP profits of 29 cents a share beat the Street by a dime. Gross margin expanded to 48.8%, from 47.4% in the previous quarter, and 44.6% a year ago.

For the March quarter, the company sees revenue of $440 million to $460 million, nicely ahead of the old Street consensus at $420.75 million.

"In fiscal Q2 JDSU reported record revenues, gross margin and operating margin, which exceeded our operating model target," CEO Tom Waechter said in a statement. "This is an exciting time for JDSU. Our market drivers are strong, our innovation engine and pipeline for new products is robust, and we continue to increase our operating leverage."

Update: As a number of Street analysts point out Friday morning, JDSU has changed its target margins structure:  the company is now targeting gross margins of at least 49% and operating margins of 14%-17%; the old model was gross margins of at least 46% and operating margins of 11%-14%. The revised model is no doubt adding to investor enthusiasm for the shares.

On the news, JDSU shares have spiked in after-hours trading. Meanwhile, Opnext (OPXT), another optical equipment company, also reported better-than-expected results this afternoon. The result: the entire sector is headed higher, as carrier spending on network expansion projects begins to payoff for their equipment suppliers.

•JDSU is up $3.27, or 18.2%, to $21.20.
•Finisar (FNSR) is up $1.90, or 5.5%, to $36.33.
•Olcaro (OCLR) is up 67 cents, or 4.7%, to $15.
•Oplink (OPLK) is up 63 cents, or 2.4%, to $26.80.
•Opnext (OPXT) is up 27 cents, or 13.6%, to $2.26.