Oclaro, Inc. (Avanex-Bookham) Message Board

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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)

OCLR 8.260

0.0%

Dec 10 4:00 PM EST

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To: xgin who wrote (2117)	3/12/2006 12:26:45 PM
From: Hawkmoon	Read Replies (1) of 2293

I think the charts are still indicating an upward trend.. Hourly, Daily, and Weekly indicators suggest a move above $3/share and possibly higher, with a likely breather around the $3/share level over the intermediate term. Hourly: bigcharts.marketwatch.com Daily: bigcharts.marketwatch.com And Weekly.. (note the crossover of the 20 Week MA over the 50 Week MA to the upside): bigcharts.marketwatch.com Btw, just check out that Volume Accumulation indicator on the daily and weekly charts. The Weekly is OFF THE HOOK!! But understand, I'm not saying it's not due for a consolidation, but I think we have a bit more upside.. There have to arrive at a sufficiently overbought condition that the traders become too frightened of event risk. But I have to admit that the fact that AVNX is far undervalued relative to JDSU make the stock a compelling buy that that big institutions have only woken up to after the Raymond James upgrade. Hawk

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