Chart of the Day: Ciena (CIEN)

A rectangle pattern developed in Ciena Corp (CIEN).  The resistance level was broken yesterday but I am still looking to possibly make a trade….

Ciena (CIEN) is a network strategy and technology company. It provides network hardware, software, and services that support the transport, aggregation, service delivery and management of video, data, and voice traffic on communications networks. The company is well-suited to benefit from the modernization of networks by telecom carriers to meet increasing needs.

Take a look at the 1-year chart of CIEN below with added notations…

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