Shares of CIENA climb
Thursday, December 14, 2006
Shares of CIENA climb more than 11% to 27.83$ after the company reported a better-than-expected quarterly profit today and issued a bright outlook for the first quarter, it guided first quarter earnings per share higher to a range of 19 cents to 24 cents a share. The technical chart looks Bullish with MACD again back above 0, RSI is rising in the Bullish territory and the daily chart also shows that CIEN has broken out on high volume the downtrend line that it formed since the top in April, so the stock has now legs to go up again.
Stock to watch tomorrow : TECD , YRCW , ET
Stock Alerts : BBOX , CRDN , GORX , STTS , ZIGO : Bullish - 50 dma line crossover 200 dma
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: CIEN
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