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