Ciena Set to Possibly Pullback After Yesterday's Rally of 2.92%
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[February 14, 2012]

Ciena Set to Possibly Pullback After Yesterday's Rally of 2.92%

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Ciena (NASDAQ:CIEN) traded in a range yesterday that spanned from a low of $16.56 to a high of $16.98. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $16.70 on volume of 4.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


Ciena share prices have moved between a 52-week high of $29.24 and a 52-week low of $9.89 and are now trading 71% above that low price at $16.92 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 2.1%.

SmarTrend recommended that subscribers consider buying shares of Ciena on January 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.45. Since that recommendation, shares of Ciena have risen 22.2%. We continue to monitor CIEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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