-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | RAMBUS - Has formed a Bull Flag » | Autodesk - has broken out an important resistance » | Sirius Satellite Radio Inc. - Technical Perspective » | CIENA - Possible Inverted H&S ? » | THQ Inc. - Shares rose to all time highs » | JDS Uniphase Corporation " Resistance becomes supp... » | Medifast Inc. ( MED ) shares jump again » | Advanced Micro Devices, Inc. - Ascending triangle » | Sirius Satellite Radio surged 8% today !!!!! » | Google hit $500 today !!!!! » 

Wednesday, December 06, 2006 

CIENA - Has broken the neckline

Chart courtesy of stockcharts

Shares 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 !!!


Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google