CIEN Watch

The networking company Ciena Corp. (CIEN) continued it's downward course for a third straight day. More than a third of the company's business is done outside of the United States, and a strong dollar, under impact of the Greek debt crisis, would lower margins on exports.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
CIEN $16.63 $

At 3:25 a.m. Eastern

Today saw a decline of more than 10% intraday, but as the trading day drew to a close the price retraced about half of that decline, pulling back to near a resistance level set last April.

The chart shows a new parabolic sar bear signal today, and all the technical signals are pointing toward the downside, although the broader trend has been up since January 2009.

---

The Investor's Guide to Active Asset Allocation: Using Technical Analysis and ETFs to Trade the Markets

Martin Pring's detailed deconstruction of the economic cycle: What sorts stocks to look for at each stage of the recovery. A masterful analysis.

---

Today on Private Trader

• Stocks Watchlist
• Forex Watchlist
• Today's Scan
• ABT Watch
• Forex
• Morningline: Stocks and Bonds
• Morningline: Other Indicators
• Morningline: Holdings
• Almanac

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.

New to Private Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.