Lite’s Out!

Lumentum Holdings completed a head-and-shoulders top, signaling a bearish technical breakdown.

depositphotos_14941895-stock-photo-stock-market-graph-background.jpg

Source: DepositPhotos

I was already short LITE from a few days ago, but I just noticed it completed a darling head-and-shoulders top. Nice!

I wonder if the fact that this has a price/earnings ratio of over 150 will start to bother anyone.

slopechart_LITE.jpg

STOCKS IN THIS ARTICLE

Comments