Wednesday, February 9, 2011

JDS Uniphase (JDSU) - a "Bit" Overbought?

In a normal market, I'd say JDS Uniphase (JDSU) is a *bit* overbought and a candidate for a quick in and out short until it gets anywhere near the earth's gravity pull.  It is an astounding 30% over the 20 day moving average.  RSI extreme.... MACD off the charts.

That would be in a normal market.  In this market?  Shorting appears to be a banned practice.

No position

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