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Is CIEN poised for a decline? 20 Day Moving Average Resistance shows up after a relatively flat session
CIEN finished lower by 0.04% on Tuesday, August 11th, trading 0.6 times its typical volume. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 382.82, 378.1 & 372.02, with resistance at 393.62, 399.7 & 404.42.
Current SwingTradeBot Technical Rating of CIEN: D
Today’s move could mean more—check all the signals for CIEN on SwingTradeBot.
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