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CIENA CORP
(CIEN-Nasdaq):
Technical Viewpoint: From a low
of $24.72 on Feb 22, 2008 prices
rallied, reaching a
high of $28.37
on Feb 28, 2008. A
decline saw prices pull back, reaching a
low of
$24.78 on Mar 6, 2008.
Another rally saw prices penetrate
resistance, closing 3/7/08
at $27.80. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 7, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.00. Resistance: Is at $30.00.
Point & Figure: Reversed to the upside on Jan 24, 2008. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! CIENA CORP
(CIEN-Nasdaq) @ $29.13 Stop: Use a protective stop of $27.13.
CIENA CORP is currently trading @ $27.80 plus $2.86 on Mar 7, 2008. Price Objective:
$37.50. Risk/Reward: $2.00 VS. $8.37. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$37.50
Risk/Reward:
$2.00 VS. $8.37
Risk/Reward Ratio:
4:1
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