Today's Technical View on JDS Uniphase, CIENA, ADTRAN, and Exelis

      Today's Technical View on JDS Uniphase, CIENA, ADTRAN, and Exelis

PR Newswire

LONDON, March 25, 2013

LONDON, March 25, 2013 /PRNewswire/ --

Wireless will be the key growth driver for communication equipment companies
over the next few years. Meanwhile, communication equipment companies such as
JDS Uniphase Corp. (NASDAQ: JDSU), Ciena Corp. (NASDAQ: CIEN), ADTRAN Inc.
(NASDAQ: ADTN), and Exelis Inc. (NYSE: XLS) are also expected to benefit from
an improved economic environment. Improving global economic outlook is
expected to boost technology spending from businesses. This augurs well for
the communication equipment industry. On Friday, communication equipment
stocks ended on a mixed note even as the broad market posted significant gains
as concerns over Cyprus's bailout eased a little. StockCall initiated free
in-depth technical analysis on JDSU, CIEN, ADTN, and XLS which are currently
available upon sign up at

Shares of JDS Uniphase Corp. fell sharply in trading on Friday. The stock fell
to an intra-day low of $13.35 before finishing the day 1.75% lower at $13.47.
The stock has fallen nearly 6% in the last three trading sessions. JDS
Uniphase's shares have slipped into red territory for the year due to the
recent losses. The stock has also slipped below its 50-day moving average,
which is a bearish signal. The bearish trend is further confirmed by recent
volume activity and the stock's MACD chart. The company's shares currently
have support at around $13. Sign up for the free technical analysis on JDSU at

Shares of Ciena Corp. also struggled in Friday's trading session, hitting an
intra-day low of $15.62 before finishing the day 13.13% lower at $15.76.
Ciena's shares fell more than 7.20% last week. The stock has pared most of its
gains for the year as a result of the sell-off last week. Year-to-date, the
company's shares are now up nearly 0.40%, compared to a gain of nearly 9.20%
for the S&P 500. Ciena Corporation shares have also slipped below their 50-day
moving average. The stock's MACD has crossed below the signal line, which is a
strong bearish signal. Download the free report on CIEN by registering at

Shares of ADTRAN Inc. rallied in trading on Friday, paring some of the losses
from earlier in the week. The stock ended the day 2.46% higher at $19.54 after
hitting an intra-day high of $20.43. Still, the stock finished more than 4.30%
lower for the week. Year-to-date, ADTRAN Inc. are now up nearly 0.50%. The
stock rebounded on Friday after finding support at $19. However, technical
indicators for ADTRAN are still giving bearish signals. The stock is still
trading well below its 50-day and 200-day moving averages. The stock's MACD
has also slipped below the signal line and the zero-line. The free report on
ADTN can be downloaded by signing up now at

Exelis Inc.'s shares ended flat on Friday. The stock closed at $10.91 after
touching an intra-day high of $11.08. The company's shares also struggled last
week, falling more than 1.60%. Year-to-date, the stock has fallen more than
2.20% even as the broad market has rallied. Exelis shares have been struggling
to break through $11.20 resistance level. The stock has traded in a very tight
range over the past few weeks. The MACD chart for Exelis is currently giving
strong bearish signals. Free report on XLS can be accessed by registering at

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