JDSU, MPEL, and SBUX on the watch for Monday
Here are a couple of stocks worth watching on Monday:
MPEL - I think the chart says it all for this stock. Very nice breakout on Friday on very good volume out of a cup and handle pattern.
Here's the Chart Analysis on MPEL.
SBUX - I'm looking at SBUX for a break above 37.85. It bounced off resistance on friday so I'm a bit wary of this one, so a little caution on entering as market may pullback early this week.
Here's the Chart Analysis on SBUX.
JDSU - Short - The stock is breaking down out of the bear flag - I think it's ready for entry but a safe entry is below the low 18.52.
Here's the Chart Analysis on JDSU.