CIENA CORPORATION (CIEN-Nasdaq): Technical Viewpoint: From a low of $16 5/8 on Apr 12, 1999 prices rallied, reaching a high of $34 1/8 on Jun 8, 1999. A decline saw prices pull back, reaching a low of $27 3/8 on Jun 15, 1999. Another rally saw prices penetrate resistance, closing 6/23/99 at $33.31. 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 $27.00. Resistance: Is at $34 1/8. Point & Figure: Reversed to the upside on Jun 17, 1999. A P&F upside reversal takes place at $30 3/4. Summary: Technical indicators have turned bullish. BUY! CIENA CORPORATION (CIEN-Nasdaq) @ $33 5/8 Stop: Use a protective stop of $31 1/4. CIENA CORPORATION is currently trading @ $33.31 plus $2.81 on Jun 23, 1999. Price Objective: $46 1/4. Risk/Reward: $2 3/8 VS. $12 5/8. Today's Risk Reward Ratio: 5:1