I get more emails asking me where I think JDSU is going to go than any other stock out there. Love it or hate it, JDSU is one of the most closely followed stocks in the stock market right now. JDSU closed at $3.69 on Friday on heavier than average volume of 50.3 million shares. The stock set a new 52 week high on Friday of $3.90, before pulling back and closing the day down. JDSU is posting earnings on May 3rd. I expect that the strong market for technology companies will take JDSU higher this week; if I had to guess, I would say that JDSU closes this week at $4.25. After that, I wouldn’t be surprised to JDSU flatten out before their earnings, as investors step to the sidelines, much like they did with GOOG. So in short, I believe JDSU is going higher this week.
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