CIEN Watch

Ciena Corp. (CIEN) moved into bull phase this morning on the parabolic sar. The signal is buttressed by Person's Proprietary Signal, and strengthening to the bull side of the macd and stochastic.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
CIEN $18.30

The signal is with an uptrend that began in December, nearer term, and in February 2009, longer term.

The bull signals came after a four-day bear whipsaw. The fact that the bear phase provides a strong argument for the bull phase. Morever, the average directional index is strong, at 30 and rising.

You are here:

• Reversal
• $23.40, 27.9%
• $19.03, +4%
• $18.79, +2.7%
• Now $18.30
• Reversal
• $17.11, -6.5%
• $14.96,-18.3%

The stock set a new near-term high today at $18.79. Reversal levels above that date back to 2008. A push past $19.03 gives a clear shot at $23.40, a high set in July 2008.

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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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