CIENA CORP
(CIEN-Nasdaq):
Technical Viewpoint: From a low
of $29 3/4 on Nov 19, 1999 prices
rallied, reaching a
high of $47 1/8
on Nov 5, 1999. A
decline saw prices pull back, reaching a
low of
$41 7/8 on Nov 9, 1999.
Another rally saw prices penetrate
resistance, closing 11/11/99
at $49.44. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 4, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43 1/2. Resistance: Is at $51 3/4.
Point & Figure: Reversed to the upside on Nov 10, 1999. A P&F upside
reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! CIENA CORP
(CIEN-Nasdaq) @ $50 1/4 Stop: Use a protective stop of $47 3/8.
CIENA CORP is currently trading @ $49.44 plus $5.94 on Nov 11, 1999. Price Objective:
$58 1/2. Risk/Reward: $2 3/4 VS. $8 1/4. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58 1/2
Risk/Reward:
$2 3/4 VS. $8 1/4
Risk/Reward Ratio:
3:1
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