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Ciena CorporationCiena CorporationCiena Corporation

Ciena Corporation

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CIE1 trade ideas

CIEN --- potentially moving up soon! reversal trendCIEN --- potentially moving up soon! Reversal of trend happening very possibly as it reached the bottom of my 2HOUR channel that I see. It took a healthy 3% downward pull which just took place today... Lets see if it plays out in terms of reversing soon upwards... Thank you. Stay tuned... Notes: ▲ (19.54% Upside) Based on 13 analysts offering 12 month price targets for Ciena within the last 3 months. The average price target is now currently sitting at $50.17 Disclaimer: Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of entertainment use only. Thank you.
NYSE:CIEN
by eziolisi_Investments
Mid-day follows pattern.... NEEDS to climb above shoulder soon.Channel is being followed by the stock... What we are waiting to see if it will continue above the shoulder at approx. 38.00 - 38.08 for further confirmation of a continued uptrend. There may be resistance and stop rising. May need a couple of days to get there to break through that zone. Possibly. ==== So far nice profits.. to take off, as it predicts staying in the channel. Moving Up and down ---- Buy it back on the lows. You buy and sell accordingly - day trade.
NYSE:CIEN
by eziolisi_Investments
Ciena Reversal trade setup.Gap fill has been completed and price has bounced perfectly. Break above 7 & 12 MA would be very bullish. Possible entry level $38 Golden pocket target $43 Stop loss $36 Average analysts price target $50.21 Average analysts recommendation Overweight P/E ratio 26 Short interest 3% Company profile Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Converged Packet Optical; Packet Networking; Optical Transport; and Software and Services. The Converged Packet Optical segment develops and sells optical processors, switching systems, and operating system software. The Packet Networking segment includes service delivery switches, services aggregation switches, and ethernet packet configurations. The Optical Transport segment manufactures and trades optical transport systems, common photonic layer, data networking products, data center interconnection, and virtual networks. The Software and Services segment provides wide are network controller, network functions virtualization platform, and software applications. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.
NYSE:CIEN
by RedHotStocks
2
CIEN 1D t.a. and set up 9.16.19CIEN is a long term uptrend pattern. It continues to make higher highs and higher lows throughout & the price currently trades above the 200SMA, signaling a bullish trend may continue. Based on it's history, the price reacts well with the EMA50, as that moving average is a known major support/resistance level. However, price action has "broken below" and "closed below" the EMA50 line during the current pullback. Also, the RSI(14) history shows a common oversold level that bottoms out in the low 30's before recovering. RSI(14) was just at this level, overextended and consolidating in the low 30's during pullback. Now a series a bullish reversal candlesticks have formed following the oversold RSI levels, signaling a potential price reversal back into an uptrend. A potential buy signal would be to go LONG when the price "breaks above" and "closes above" both the EMA10 and the EMA50 levels. Stay LONG with the price action on the upside of the EMA10 Hold LONG position until RSI becomes overbought near the 70 level on the daily chart. Stop loss= if price breaks back below and closes below the EMA50 &EMA10 @ -3% Target Exit set at known previous resistance near 45.26 level @ +9% 3:1 Risk/reward optimal
NYSE:CIENLong
by gaaragaara