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Ciena Corp Crosses Above its 10-day MA (CIEN)

By James Quinn

Today, shares of Ciena Corp (NYSE:CIEN) have advanced above their 10-day MA of $40.06 on a volume of 541K shares. This may provide short-term investors a chance 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 $41.08, 46% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.5%.

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