JDS Uniphase Corp (JDSU) Consolidates At Its High

JDS Uniphase Corp is a stock I haven't really looked at for quite some time but as you can see in the above chart, this stock is enjoying a spectacular rally. Since March of 2009 JDS Uniphase Corp has rallied from a low of about $2 a share to its current price of $13.75.

You'll notice in the the lower panel a ratio line which compares JDS Uniphase Corp to the S&P500. As you can see this line has been rising steadily indicating that this stock is outperforming the S&P.  For the past 3 weeks JDS Uniphase Corp has been consolidation at its high which I consider to be very bullish,  A close above the $14 level may kick off the next leg to the upside for this stock.