|
|
||||||
|
|
|
|
|||||
|
|||||||
![]() |
|
|
Thread Tools | Display Modes |
|
|
#1 |
|
contributing website
![]() Join Date: Oct 2006
Posts: 154
![]() |
From Wall Street Trader's Column
CIENA CORP (CIEN-Nasdaq): Technical Viewpoint: From a low of $24.72 on Feb 22, 2008 prices rallied, reaching a high of $28.37 on Feb 28, 2008. A decline saw prices pull back, reaching a low of $24.78 on Mar 6, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $27.80. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 7, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $24.00. Resistance: Is at $30.00. Point & Figure: Reversed to the upside on Jan 24, 2008. A P&F downside reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! CIENA CORP (CIEN-Nasdaq) @ $29.13 Stop: Use a protective stop of $27.13. CIENA CORP is currently trading @ $27.80 plus $2.86 on Mar 7, 2008. Price Objective: $37.50 Risk/Reward: $2.00 VS. $8.37 Today's Risk Reward Ratio: 4:1
|
|
|
|
![]() |
| Tags |
| harry aloof, wall street column, wall street traders, weekly stock pick |
| Thread Tools | |
| Display Modes | |
|
| Similar Threads | Thread Starter | Forum | Replies | Last Post |
| Yahoo! Inc. (YHOO) - March 30, 2008 | Harry Aloof | Wall Street Trader's Column - weekly stock pick | 0 | 04-02-2008 05:32 AM |
| March 2008 Trading Simulator Contest - win a trading book | Thierry Martin | Trading simulator with monthly prizes | 5 | 04-01-2008 01:24 AM |
| Wal-Mart Stores (WMT) - March 24, 2008 | Harry Aloof | Wall Street Trader's Column - weekly stock pick | 0 | 03-28-2008 01:16 PM |
| Goldcorp (GG) - March 16, 2008 | Harry Aloof | Wall Street Trader's Column - weekly stock pick | 0 | 03-18-2008 11:21 AM |
| China Finance Online (JRJC) - March 3, 2008 | Harry Aloof | Wall Street Trader's Column - weekly stock pick | 0 | 03-04-2008 06:11 PM |