CIENA CORP (CIEN-Nasdaq): Technical Viewpoint: From a low of $20 3/8 on Feb 18, 1999 prices rallied, reaching a high of $29 1/4 on Feb 26, 1999. A decline saw prices pull back, reaching a low of $16 5/8 on Apr 12, 1999. Another rally saw prices penetrate resistance, closing 5/17/99 at $26.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 30, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $23 3/4. Resistance: Is at $28 1/4. Point & Figure: Reversed to the upside on May 17, 1999. A P&F upside reversal takes place at $24.00. Summary: Technical indicators have turned bullish. BUY! CIENA CORP (CIEN-Nasdaq) @ $27 1/8 Stop: Use a protective stop of $25 1/4. CIENA CORP is currently trading @ $26.56 plus $2.31 on May 17, 1999. Price Objective: $41.00. Risk/Reward: $1 7/8 VS. $13 7/8. Today's Risk Reward Ratio: 7:1