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September 27, 2004 Stock Pick: JDS Uniphase Corp (JDSU)

Stock Price: $3.28

JDS Uniphase Corp is a leading maker of fiber optic components. The components are used for commercial, industrial, and consumer applications including data services, security, and defense.

We believe JDSU can be traded between the $3-$4 range for the trader who wants to attempt at channeling.

On news, JDSU could even break through $4.00 where it was for the first four months of this year. There doesn't appear to be much downside risk due to the heavy support at the $3 level.

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