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Technology Stocks : Ciena (CIEN)
CIEN 191.74-1.3%Nov 14 4:00 PM EST

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To: AD who wrote (1396)2/21/1998 8:56:00 PM
From: Xpiderman  Read Replies (2) of 12623
 
Weekly Second Opinion about CIEN: AVOID!
02/23/98
suretrade.stkwtch.com

COMMENT

Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND

Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is BEARISH

Up/Down volume pattern indicates that the stock is under DISTRIBUTION

The 50 day MOVING AVERAGE is falling which is BEARISH

The 200 day MOVING AVERAGE is rising which is BULLISH

STOCK broke DOUBLE BOTTOM (Bearish) Point & Figure Chart Formation Last Week

RECOMMENDATION

AVOID THE STOCK
STOCK IS NOT A SHORT SALE CANDIDATE
IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY
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