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Ciena Corp Bullish Moving Average Crossover Alert (CIEN)

By Shiri Gupta

Ciena Corp (NYSE:CIEN) shares have crossed bullishly above their 10-day moving average of $37.43 on a volume of 202K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Ciena Corp share prices have been bracketed by a low of $28.23 and a high of $46.78 and are now at $37.95, 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.7%.

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