Thursday, April 22, 2010

CIEN Watch

Ciena Corp. (CIEN) continues its counter-trend decline, trading near the bottom of yesterday's range.
trendadxpsarppsmacdmacd
trend
stosto
trend
CIEN $17.44

The stock showed a bear signal on the parabolic sar two days ago, paradoxically amid a sharp rise on a stunning volume spike.

Since then, the stock has paid heed to its own chart and behaved like a proper bear.

The macd and stochastic, although not yet in bear territory, continue to weaken.

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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic


About the glance: The colors indicate the state of each signal.

  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.


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