Finisar Corporation provides optical subsystems and components for
data communication and telecommunication applications in the United
States, Malaysia, China, and internationally. The company's optical
subsystems primarily consist of transmitters, receivers, transceivers,
transponders, and active optical cables that provide optical-electrical
or optoelectronic interface for interconnecting the electronic equipment
used in building communication networks, including the switches,
routers, and servers used in wireline networks, as well as the antennas
and base stations for wireless networks. It also offers wavelength
selective switches that are used to dynamically switch network traffic
from one optical fiber to multiple other fibers without converting the
optical signal to an electronic signal. The company's optical components
primarily consist of packaged lasers and photo detectors for data
communication and telecommunication applications; and passive optical
components for telecommunication applications.
To review Finisar's stock, please take a look at the 1-year chart of FNSR (Finisar Corporation) below with my added notations:
Finisar's stock has been stuck within the same $11 to $17 area for
the entire year. However, during that time, FNSR has created a strong
resistance at $17 (navy) and the stock has tried to push through that
resistance several times. A break through that $17 resistance would be a
new 52-week high for the stock and should mean higher prices moving
forward.
The Tale of the Tape: FNSR has a 52-week high
resistance at $17. A long trade could be entered on a break through that
level with a stop placed under it.
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