Finisar (FNSR): Major Breakout

The $800M market cap maker of networking equipment is on a long road back, trading as high as $410 in the Tech Bubble, and as low as $1.69 in the March lows. Shares are now trading at $12.22 and breaking out of an inverse head and shoulders, implying we could see a move North of $20 by 2012, a solid 66% gain. The pattern is a bit sloppy, but it still implies a major reversal move.