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 short term short.  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

About Mark Hanna 542 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

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Visit: Market Montage

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