Description Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The companys products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications. The company markets its products through direct sales force, as well as through sales representatives and resellers. It serves network equipment manufacturers of telecommunications and datacom systems, and hyperscale data center operators. The company was formerly known as Bookham, Inc. and changed its name to Oclaro, Inc. in April 2009. Oclaro, Inc. was founded in 1988 and is headquartered in San Jose, California. Home Page http://www.oclaro.com/ Statistics https://finance.yahoo.com/quote/OCLR/key-statistics?p=OCLR Holders https://finance.yahoo.com/quote/OCLR/holders?p=OCLR News https://finance.yahoo.com/quote/OCLR?p=OCLR
OCLR Friday (March 3) Closed 9.60+0.72 (+8.11%) Day's Range 9.06 - 9.68 52 Week Range3.86 - 11.30 Volume 15,236,100 Avg. Volume 7,964,145 Market Cap 1.6B OCLR after few days of "panic" Friday did well (Volume increase) I di dwell with this on e been trading since under 4 then drop above $10 (I will take few scalps now under that) Resist. 10.23 - 11.30 Sup 8.50 Panic Selling In Oclaro Creates An Opportunity https://www.forbes.com/sites/jaysom...otix&partner=yahootix&yptr=yahoo#2087ec1d5513 I agree with him JMHO you DD
We are moving towards a very critical time for this chart with the 20 day moving average approaching the 50 day moving average. This has offered support in the past after which the share price has risen although it is interesting to see that trading volumes have picked up lately. If the 20 day moving average falls back through the 50 day moving average the next support level would appear to be around $8.70. After that the share price could fall to under eight dollars.
The fall in the share price appears to have been well predicted using the charts. It just shows that support and resistance levels are extremely important.
