JDSU at Neckline of Head-and-Shoulders

JDSU has built a very conspicuous Head-and-Shoulders pattern that dates back to early 2010.  It is currently sitting at the neckline of the right shoulder.  The neckline range seems to be about $9-10, the lowest weekly close around $9.50.  A weekly close below $9 would be a very solid break of the neckline, imho.  Stochastics looks very oversold at the moment, but it’s a chart worth keeping an eye on.

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