Fiber-Optics Leader Lumentum (LITE) Near Buy Point
Lumentum (LITE) is near a buy point, after touching 3 points on uptrend line which validates it as a confirmed uptrend line. Consider to buy above the near-term resistance line marked on the chart. LITE has a good sales growth as well on the EPS growth rate for the last 3-years. LITE will announced its earnings today (Tuesday 5 May 2020). I highly suggest you to trade this stocks after its earnings release to avoid market whipsaws. Please place appropriate stop loss according to your risk appetite.
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