Two Promising Charts
I'm not a big fan of chasing big strength, and this has been one strong market. When it comes to earnings, though, I'd rather play a chart with promise than one that is completely broken, which led me to two names today: Oplink Communications (OPLK) and Marvell Technology (MRVL). I am not stranger to either name as I've owned or traded both in the past. MRVL has worked out well for me, especially buying weakness, whereas OPLK has been a challenge due to the multiyear hibernation in the optical sector; however, the results from JDS Uniphase (JDSU) give me some hope there.
Oplink Communications (OPLK) Source: StockCharts.com View Chart » View in New Window » ...287 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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