Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27176)	6/24/1999 7:47:00 AM
From: IQBAL LATIF	Respond to of 50167

Buy Alert! CIENA CORPORATION (CIEN) Nasdaq Report No. 816 Analysis by: Harry Aloof JUNE 24, 1999 CIENA CORPORATION (CIEN-Nasdaq): Technical Viewpoint: From a low of $16 5/8 on Apr 12, 1999 prices rallied, reaching a high of $34 1/8 on Jun 8, 1999. A decline saw prices pull back, reaching a low of $27 3/8 on Jun 15, 1999. Another rally saw prices penetrate resistance line "A", closing 6/23/99 at $33.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 30, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $27.00. Resistance: Is at $34 1/8. Point & Figure: Reversed to the upside on Jun 17, 1999. A P&F downside reversal takes place at $30 3/4. Summary: Technical indicators have turned bullish. BUY! CIENA CORPORATION (CIEN-Nasdaq) @ $33 5/8 Stop: Use a protective stop of $31 1/4. CIENA CORPORATION is currently trading @ $33.31 plus $2.81 on Jun 23, 1999. Price Objective: $46 1/4. Risk/Reward: $2 3/8 VS. $12 5/8. Today's Risk Reward Ratio: 5:1 Price Objective: $46 1/4 Risk/Reward: $2 3/8 VS. $12 5/8 Risk/Reward