INFN Infinera – Fiber Optic Stock With Bullish Technical Price Targets

by Olivier on November 21, 2014

Just wanted to quickly highlight a very constructive weekly chart pattern displaying a high volume thrusting move resembling a high pole and the ensuing flag consolidation. A classic ABC move chart pattern in the making. A resumption of the trend would imply a 19$ target.

A more conservative target around 16$ looks perfectly reasonable. The daily chart of INFN – Infinera shows how tight the flag is. A very bullish sign. Depending on your level of aggressiveness entries can either be taken now or once the bullish flag resolves to the upside.

Click on INFN weekly chart analysis to enlarge:

Click on INFN daily chart analysis to enlarge:

Fiber Optics Sector Overview Chart I. Chart contains: INFN – Infinera, JDSU – JDS Uniphase, CIEN – Ciena, FNSR – Finisar, AAOI – Applied Optoelectronics, CLFD – Clearfield

Fiber Optics Sector Overview Chart II. Chart contains: IPGP – IPFG Photonics, GLW – Corning, AVGO – Avago Technologies, AFOP – Alliance Fiber Optic Products, CALX – Calix, BRCD – Brocade Communications Systems

Company overview from Yahoo finance:

Infinera Corporation provides optical transport networking (OTN) equipment, software, and services to communications service providers, Internet content providers, cable operators, and subsea network operators worldwide. It offers Infinera DTN Platform that utilizes photonic integrated circuit technology to enable digital processing and management of data to generate wavelength division multiplexing (WDM) wavelengths; and to add, drop, switch, manage, protect, and restore network traffic digitally using integrated OTN switching. The company also provides Infinera Line System, which offers optical amplification and enables the management communication channels between network nodes; and Infinera DTN-X Platform, a multi-terabit packet optical transport platform that enables service providers to manage the traffic of video, mobile, and cloud-based services, as well as for submarine network applications. In addition, it offers Infinera ATN Platform, a coarse WDM and dense WDM aggregation and transport solution; Infinera IQ Network Operating System, an embedded software operating system; and Infinera Management Suite, an element management system used to manage DTN, DTN-X, and ATN platforms. Further, the company provides a range of support services for various hardware and software products. It markets and sells its products and related support services primarily through its direct sales force. Infinera Corporation was formerly known as Zepton Networks. The company was founded in 2000 and is headquartered in Sunnyvale, California.

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