Thursday, May 23, 2019 7:09:41 PM
It is a horrible time to be invested in TECH, it is obviously going to be sacrificed in the trade war, Huawei has become enemy Number 1 and any company with Chinese exposure has suffered great loss in value in the past few weeks. NASDAQ:LITE has considerable exposure and has now lowered guidance due to the ban initialised on Huawei. The chart of Lite is technically broken, having lost the support off all MA's and the RSI is now at a historical low due to the velocity of the selling. That low is just about the only positive to cling to, there is a chance of a bounce but that it not a trade we would be willing to take. The stock is now in a wee defined downtrend from March 18 with $42 and $37 the next targets on the downside.
If by any chance there is a resolution with China this will rocket higher but that is not on the horizon, given the rhetoric.
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Recent LITE News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:18:42 PM
- Lumentum Announces Fiscal Third Quarter 2024 Financial Results • Business Wire • 05/06/2024 08:03:00 PM
- Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year • Business Wire • 04/22/2024 12:30:00 PM
- Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024 • Business Wire • 04/22/2024 12:00:00 PM
- Lumentum Enhances Performance in 800ZR+ Transceivers for Broader Applications • Business Wire • 03/26/2024 12:30:00 PM
- Lumentum Unveils Breakthrough Innovations and Demonstrations at OFC 2024 • Business Wire • 03/25/2024 12:30:00 PM
- Lumentum Thought Leaders to Present on Leading Edge Innovations and the Role of Photonics in AI Data Centers at OFC 2024 • Business Wire • 03/22/2024 12:30:00 PM
- Lumentum Appoints Jae Kim as Senior Vice President, General Counsel and Secretary • Business Wire • 03/04/2024 01:30:00 PM
- Lumentum Recognized in Three Optical Communications Product Categories at 2024 Lightwave Innovation Reviews • Business Wire • 02/22/2024 10:10:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:09:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:04:51 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:00:01 AM
- Lumentum Announces Upcoming Investor Events • Business Wire • 02/16/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 10:31:30 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/09/2024 10:09:28 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 02:26:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 01:03:39 PM
- Lumentum Announces Fiscal Second Quarter 2024 Financial Results • Business Wire • 02/08/2024 12:30:00 PM
- Lumentum to Announce Fiscal Second Quarter 2024 Financial Results on February 8, 2024 • Business Wire • 01/23/2024 09:40:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 12/01/2023 11:52:32 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/22/2023 12:01:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/22/2023 12:00:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 11:58:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 11:55:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 11:54:32 PM
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