Ciena Bearish Moving Average Crossover Alert (CIEN)
Ciena (NASDAQ:CIEN) crossed under its 10-day moving average of $21.65 on a volume of 524K 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, Ciena share prices have been bracketed by a low of $15.62 and a high of $26.50 and are now at $21.53, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 0.9%.
SmarTrend is monitoring the recent change of momentum in Ciena. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ciena in search of a potential trend change.
Keywords: moving crosses Ciena