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Shares of CIENA Corp. (CIEN) Failed to Break the Resistance Line
Shares of CIEN touched the 50-day moving average from below but failed to traverse above the widely
watched resistance line of $14.08. If the stock stays below the critical 50-day moving average, then
investors may continue to sell the shares in anticipation of a downward price move.
Shares of CIENA Corp. closed at $13.90 in the previous trading session and opened today at $14.02.
CIEN is currently trading at $13.47, down $0.43 (-3.09%) in today's trading session.
The shares of the stock are trading between $13.41 and $14.13. Today's price shift was accompanied by a volume of 4,718,120 shares which
is less than the average volume of 6,342,360 shares.
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consider seeking advice from your own financial or investment adviser.
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