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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (2810)1/24/2001 10:59:23 AM
From: Jenna  Read Replies (2) of 6445
 
CIEN earnings play breaks through resistance to the upside after a battle with 100 ..http://www.marketgems.com/CIEN_pullback_retracement.gif Could now begin to retest to 120 hopefully. But let's take one step at a time. Look for CIEN to overcome the resistance at 104 3/4 (the 32.2% retracement from the 52 week high and the next resistance is 108 1/2.. then we get closer our target price of 110..
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