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50 Day Moving Average Support appears for CIEN after 3.19% move
CIEN closed down 3.19% on Friday, August 14th, with volume running 0.8× below average. Multiple bullish signals emerged — 50 DMA Support and Stochastic Reached Overbought — suggesting potential strength ahead. Key support levels exist at 418.72, 408.78 & 395.06, with resistance at 442.38, 456.1 & 466.04. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of CIEN: B
There’s more where that came from. See all of today’s signals for CIEN here.
Read full article here »