CIEN Makes Bullish Cross Above Critical Moving Average

Shutterstock photo

In trading on Wednesday, shares of Ciena Corp (Symbol: CIEN) crossed above their 200 day moving average of $22.97, changing hands as high as $22.99 per share. Ciena Corp shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of CIEN shares, versus its 200 day moving average: Ciena Corp 200 Day Moving Average Chart

Looking at the chart above, CIEN’s low point in its 52 week range is $19.4001 per share, with $27.98 as the 52 week high point – that compares with a last trade of $22.91. According to the ETF Finder at ETF Channel, CIEN makes up 152.12% of the First Trust Nasdaq Smartphone Index Fund ETF (Symbol: FONE) which is trading up by about 0.8% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

No Comments

Post A Comment