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Thursday, May 31, 2007 

CIEN good earnings report

Chart courtesy of stockcharts

CIEN shares jump more than 17% closing at 34.32% after company reported higher than expected quarterly results and boosted its 2007 revenue growth forecast. Stock broke out the downtrend to new highs today with volume above average Thechnically chart looks Bullish, with both 50 dma 200 dma going up and MACD on top of 0. In addiction with K line back above D line we should see the stock continue to go up.

Chart courtesy of stockcharts

NTRS may be ready to break !!
Looking at the chart stock has had a nice run over the past few weeks and again stoped at the major resistance 65.10$, the big wall for NTRS. I'll be Bullish in this stock if breakout this area.

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 !!!


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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.

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