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.