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Ciena 17.90% Below its May 6th Flash Crash Low of $15.94 (CIEN)

Written on Sat, 07/31/2010 - 9:32am
By Chip Brian

Ciena (NASDAQ:CIEN) is currently trading 17.90% below its May 6th low of $15.94. Investors are looking to see if the shares can regain the May 'flash crash' level which may act as short-term resistance.
In the past 52-weeks, shares of Ciena have traded between a low of $10.53 and a high of $19.48 and are now at $13.09, which is 24.30% above that low price.
SmarTrend is bearish on shares of Ciena and our subscribers were alerted to Sell on May 07, 2010 at $16.38. The stock has fallen 20.1% since the alert was issued.

Keywords: Ciena flash crash

Ticker(s): CIEN

Contact Chip Brian



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