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Ciena Bearish Moving Average Crossover Alert (CIEN)

By Amy Schwartz

Today, shares of Ciena (NASDAQ:CIEN) have fallen below their 10-day MA of $23.48 on a volume of 936K shares. This may provide swing traders with 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 have traded between a low of $15.62 and a high of $26.84 and are now at $23.36, which is 50% 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 and will alert subscribers who have CIEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Ciena

Ticker(s): CIEN