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

Mon Mar 25, 2013 8:13am EDT

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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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