CIENA - Has broken the neckline
Chart courtesy of stockchartsShares of CIENA rose nearly 7% today to 26.63$ and it has broken out the neckline and confirmed my previous analyse about a possible Inverted Head and Shoulders pattern on the stock mentioned here on November 30th. Penetration of prices through the neckline after a pattern has been completed becomes an indication that bias in the markets probably change and maybe be pointing to the future path of prices. In the daily chart we can see that the volume today increased on the breakout. Behind this movement is related this news from Ciena Corporation web site.
Stocks to watch tomorrow : RACK , MAIL , DLIA , PARL , LQDT
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a nice evening !!!
AC
