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Ciena Corporation Message Board

  • thetechtraderca thetechtraderca Mar 8, 2013 6:38 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on CIEN at TheTechTrader site noting: CIENA Corp. (CIEN) had a big day on earnings on Thursday. It exploded 2.59 to 17.53, or 17%, on 17 million shares, the biggest volume since last June. More importantly, both the lateral-price resistance and declining topsline were taken out on Thursday. This stock did move up and close at the upper end of the range, and has a resistance at the August highs up around 18 1/4. That’s the target going forward. It may even trend toward the top of the channel. It looks good for CIEN from a longer-term standpoint.

18.52-0.89(-4.59%)Jan 30 4:02 PMEST

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