Trade Idea - CIEN
Sunday, October 21, 2007
Chart courtesy of stockcharts

Shares of CIEN were down more than 3% on Friday to $43,54 following the bad sentiment in overall stocks. Stock traded more than 2 million of shares. Looking at the daily chart , stock still trading in a Bull Market, however in short term stock is pulling back from recent gains, and Friday closed just under the major support at $ 43.50 previous resistance area. So, keep an eye on CIEN for a possible breakdown of this support.

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.

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posted by Pro Investor Trader at 11:02 PM | Permalink


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