Finisar Corporation is gapping up on upward guidance

by DAN Finisar Corporation ($FNSR) gapped up today and is currently up 15.21% today on a volume of 6,790,680 shares.

This morning FNSR gapped up 14% after it announced preliminary Q1 results and guided upward. The current gap is between $20 – $21.30. Stocks tend to fill their gaps if the top of the gap is broken. Technical traders will want to watch $20 as key support for holding this gap.

52 Week Range $10.95-$20.07 Market Cap 2,111,057,715 Average Volume 2,324,407 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 2.90% Percentage of Float Short 10.00% Beta 2.70

Finisar Corporation is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

Finisar Corporation Finisar Corporation is a provider of optical subsystems and components that are used in data communication and telecommunication applications.

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