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LITE - Lumentum Holdings Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Aug 14, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Lumentum Holdings Inc. manufactures and sells optical and photonic products for optical networking and commercial laser customers worldwide. It operates in two segments, Optical Communications and Commercial Lasers. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables. It offers optical communication products, including optical transceivers, optical transponders, and supporting components, such as modulators and source lasers; modules or sub-systems containing optical amplifiers, reconfigurable optical add/drop multiplexers or wavelength selective switches, optical channel monitors, and supporting components; and products for 3-D sensing applications, including a light source product. This segment serves customers in telecom and datacom markets.

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  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Lumentum (LITE) climbed nearly 3%. The provider of optical communications products for the telecommunications and other industries recently rose 20% past a 28.01 buy point of a 15-week consolidation. Those who bought at the breakout should consider selling at least some shares, as growth stocks tend to correct after rising more than 20% past their buy points.
    http://www.investors.com/market-tre...ecom-stocks-soar-thanks-to-acacia/?yptr=yahoo

    upload_2016-8-14_6-36-48.png
     
  3. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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  4. LloydWCoutee

    LloydWCoutee Active Member

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    Lumentum Holdings's overweight rating reiterated at Piper Jaffray Cos.. $38.00 PT.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm: Raymond Jones
    Change: Upgrade
    Previous Rating: Outperform
    Current Rating: Strong Buy
    Previous Price Target: N/A
    Current Price Target: N/A
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This is a (currently) ~$45 stock that moves $2.25 in an average day, so over 4% moves in a day.
    Now looks like a good time to take a chance on it
    [​IMG]
    The first rectangle from last year shows a trading range that it came strongly out of. The second rectangle from last quarter shows another range that it broke out of but is now threatening to go back into it.

    But it has already come down 11 straight days to touch the lower Bollinger. Volume picked up yesterday on an inverted hammer; today it gapped up, and so far yesterday's low is holding.

    The company is part of the "optical networking supercycle" (like AAOI, FNSR), and may be part of "the iPhone supercycle" (WSJ's words: https://www.wsj.com/articles/apple-tech-suppliers-who-could-win-from-iphone-supercycle-1489571454)
     
    T0rm3nted likes this.
  7. StockJock-e

    StockJock-e Brew Master
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    Oclaro (OCLR) spiked 24% at the starting bell, after Lumentum (LITE) announced it would acquire the company in a $1.8 billion cash-and-stock deal. Lumentum, reportedly a supplier of technology used in Apple's (AAPL) Face ID applications, said the combination aimed to fast-forward its participation in the market for 3D sensing technology.
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I think this is a great opportunity here for LITE
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    T0rm3nted likes this.
  9. T0rm3nted

    T0rm3nted Moderator
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    That looks good. May take a shot tomorrow, we'll see.
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Testing this declining tops trendline
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    T0rm3nted likes this.

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