CIEN Watch

Ciena Corp. (CIEN), along with the rest of the market, took a hit yesterday from the Greek debt downgrade, but it has recovered nicely and after the open made a foray above yesterday's high, before retreating to the upper end of the range.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
CIEN $17.91

CIEN is in bull phase on the parabolic sar and on Person's Proprietary Signal. The broader trend is up, so this is a trend following configuration.

However, it hasn't been followed up by a price rise. CIEN, in fact, has gone nowhere since April 14.

Earnings are scheduled for June 3 prior to the market open, and so we're entering the season where analyst comments are likely, such as today's upgrade from RBC Capital.

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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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