Market Overview

Subject: Stock on Radar this week: JDSU

The Trading Doctor
Monday, February 22, 2010

Our "Stock on Radar" this week is JDS Uniphase Corp (JDSU). This former "high flyer" displayed strength recently, and we feel, it could be ready for further upside soon.

JDSU is trading at a 16 month high price of $9.55. Last week, was a consolidation week for JDSU as it traded in a $.38 range. Last month, JDSU's short term moving average crossed over the longer term moving average. We will be watching this week to see if JDSU can close the month on a strong note.

In our analysis, we see that JDSU has approximately 20% in upside potential before running into heavy resistance.

My partner and I are looking to accumulate JDSU near these levels and on any weakness closer to the $9.00 area. Our stop loss is a daily close at or below $8.50. The target area is $11.50.

Please note: we do not currently own JDSU, but we are considering buying 25% of our position at these levels and accumulating on any weakness at levels closer to the $9.00 area.

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