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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Patric who wrote (6795)	3/18/1999 10:50:00 AM
From: Robert	Read Replies (2) \| Respond to of 12623

Regarding TA: The stock momentarily breached its 50 day moving average yesterday, with a declining MACD (momentum). The 50 day average provides support at $22, and CIEN bounced off this level before the close. A close below $22 will be quite bearish, as there is minor support at 20, and only slightly more around $18. I think $18 is within range, unless today's buying (expected off of the 50 day support at $22) is accompanied by good volume. If we see 6 or 7 M shares today, with a close around $24, we might be OK....R