• Return to Headlines

Bearish Moving Average Cross by Ciena Corp (CIEN)

By David Diaz

Today, shares of Ciena Corp (NASDAQ:CIEN) have fallen below their 10-day MA of $23.50 on a volume of 9.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Ciena Corp have traded between a low of $17.59 and a high of $27.98 and are now at $21.61, which is 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.6%.

SmarTrend is tracking the current trend status for Ciena Corp and will alert subscribers who have CIEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ciena corp

Ticker(s): CIEN