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CIENA CORP
(CIEN-Nasdaq):
Technical Viewpoint: From a low
of $79 1/4 on Apr 17, 2000 prices
rallied, reaching a
high of $143 3/4
on May 2, 2000. A
decline saw prices pull back, reaching a
low of
$115 1/2 on May 10, 2000.
Another rally saw prices penetrate
resistance, closing 5/15/00
at $137 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 3, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $124.00. Resistance: Is at $143 1/2.
Point & Figure: Reversed to the upside on May 11, 2000. A P&F upside
reversal takes place at $126.00. Summary: Technical indicators have turned bullish. BUY! CIENA CORP
(CIEN-Nasdaq) @ $139 7/8 Stop: Use a protective stop of $136 3/4.
CIENA CORP is currently trading @ $137 1/4 plus $7.81 on May 12, 2000. Price Objective:
$168.00. Risk/Reward: $3 1/8 VS. $28 1/8. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$168.00
Risk/Reward:
$3 1/8 VS. $28 1/8
Risk/Reward Ratio:
9:1
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