CIENA shares were down nearly 2.5% on Tuesday to $36.53 following the overall sentiment of the market. Looking at the daily chart above, we can see that stock inverted the movement and the trend in last days. The trend has been broken so the better way to play this stock in the long side is wait for a sign of indicators. CIEN may find support at $35.37 ( 50 dma ). So, keep CIEN in your watchlist.

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 example.

Labels: CIEN