JDSU didn’t have a spectacular week this past week, but it did finish positive yet again, continuing its recent hot streak. The stock opened the week at $4.03, and finished the week at $4.17. JDSU continues to be the beneficiary of new capital flowing into the stock, as the stock has been fairly heavily recommended by a number of television personalities, including Jim Cramer, host of the show Mad Money. Also, JDSU has definitely benefited from strong sector momentum, as the entire sector has had a strong couple of months. JDSU closed on Friday at $4.17, and has a 52 week high of $4.30. I’ve said it before and I’ll say it again: JDSU is on a collision course with the $5.00, in my opinion, and I believe that it will hit that mark in a couple of weeks.
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