October 10, 2005
SpeculatingStocks.com Stock Pick: JDS Uniphase Corp (JDSU)
Stock Price: $2.14 (short-term strong buy)
JDS Uniphase Corp is a leading maker of fiber optic components. The components are used for commercial, industrial, and consumer applications including data services, security, and defense.
JDSU is a big company with lots of shares outstanding and a 3% short interest. The best thing about JDSU is that over the last month, it has trended strongly higher after five months at the $1.50 level.
Momentum is now on JDSU's side and the market appears to be looking for those safe play stocks. JDSU has little downside with upside above $3.00, short term.
SpeculatingStocks.com Target Price: We expect JDSU to exceed $3.00 within the next 30 days.