Ciena (CIEN) - March 10, 2008

[Harry Aloof]

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