Long Position on FNSR @ $23.50 on 10/7/2013 (Momentum)

Finisar Corporation (FNSR) provides optical subsystems and components for data communication and telecommunication applications.

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. It markets its optical products through its direct sales force, as well as through a network of distributors, manufacturers’ representatives, and manufacturers of storage systems, networking equipment, and telecommunication equipment.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $10.95 - $25.00

Entry Point: $23.50

Stop Loss:  $22.40

Target Price: $26.00

Updates

10/21/2013 9:35:37 AM

FNSR reached our target. If you elect to stay in the position, raise your stop loss to $25.50 to protect your gains.

Position closed on 10/21/2013 at price of $26.00 with a 10.64% gain in 14 days.

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