The caller asked for an evaluation of Lumentum in the context of its acquisition of Oclaro (OCLR-O). He says that this stock’s chart looks terrific. It shows a lot of momentum, good earnings growth momentum, the stock shows a lot of volume on its upside breakout. He can see this going to $80 quickly and expects it to do well over a 3-to-6-month time frame. However, you should set an exit point for every trade. For this stock, he recommends that you start reducing if it drops to $65 and get completely out if it reaches $60. He would also reduce if it pulls back below its 20-day moving average.
He really likes the fibre networking space, and this company sells components into that area. This has pulled back in the last couple of weeks as some of the more economically sensitives have pulled back.
Lumentum Holdings is a American stock, trading under the symbol LITE-Q on the NASDAQ (LITE). It is usually referred to as NASDAQ:LITE or LITE-Q
In the last year, there was no coverage of Lumentum Holdings published on Stockchase.
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0 stock analysts on Stockchase covered Lumentum Holdings In the last year. It is a trending stock that is worth watching.
On 2024-11-22, Lumentum Holdings (LITE-Q) stock closed at a price of $89.09.