3SOF

CIEN is rising slowly but steadily after consolidation for the last 6 months.

http://stockcharts.com/def/servlet/SC.web?c=CIEN,uu[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

I think it is primising right here.

Lalitha

i remember when this stock was $100.  Look at it now, guess the market believes it be where it is. 

I dunno, I've seen too many of these lately - perfect technical breakout of the symmetrical triangle, big runup then pull back.  I would wait for it to consolidate a bit more as it could easily retrace.

Just my thoughts

CIEN is one of my top picks for this year, I see some good reasons to keep this stock in my porfolio.
Good commentaries was given by some analysts during December that can leave more confortable some investors.

- Ciena Could Be Strongest Performer In Sector In 2006
Credit Suisse First Boston analyst Paul Silverstein said Ciena could see "meaningful future revenue growth and profitability" from its status as a "preferred supplier" for BT Group's planned "21st Century Network."
The analyst said he expects there will be "an approximate two- to three-quarter delay between product shipment and revenue recognition by Ciena," resulting in the company recognizing revenue around the fourth quarter of fiscal 2006.

-Standard & Poor's Equity Research analyst Kenneth Leon maintained a "hold" rating on Ciena after the company successfully completed contract negotiations to be a preferred supplier for BT Group's next-generation IP-based network.
Leon said in a research report that he views "BT as an important contributor to Ciena's transport and switching segment sales in fiscal 2006 (ending October)." The analyst expects that segment will be 60% of total sales.

Many reasons to keep this stock in alert.

My top Pick for 2006 !!!

Without any news UP another 6% this week with a double of volume, perhaps another short covering here.

Nice!! 

--- Twice the average volume of 10 million
--- Strong resistance coming @ $3.50

08:01 ET Ciena: Progress Telecom selects Ciena for next gen network (CIEN) 3.59 0.17:Progress Telecom selected CIEN's CN 4200 FlexSelect Advanced Services Platform for 10G DWDM metro and regional transport and CN 3600 Intelligent Optical Multiservice Switch for international gateway and SONET/SDH applications. Progress Telecom operates one of the largest regional networks in the U.S. spanning 8,254 route-miles of fiber, 29 metro networks and 10 states from FL to NY. The service provider delivers a variety of broadband services to its carrier, ISP and large enterprise customers, including SONET/SDH conversion, private line, wavelength, Ethernet and Internet Protocol services. Progress Telecom's nearly 200 points of presence range from carrier hotels and undersea cable landing stations to wireless network towers and end-user locations, putting a wide variety of operating requirements on its network equipment

CIEN is a flying angel!!

A flying ANGEL (CIEN) keeps flying high

** very high volume today ***

It's seems to me that CIEN and JDSU will start a profit taking run, according to the chart tecnical indicators.

CIEN along with other communication networking equipment makers could see their stock move up tomorrow since Lucent and Alcatel are in merger talks.



http://online.wsj.com/article/SB114316910402707136.html?mod=home_whats_news_us


Lucent, Alcatel in Merger Talks

By DENNIS BERMAN, SARA SILVER and ALMAR LATOUR
March 23, 2006 10:06 p.m.

Lucent Technologies Inc. and France's Alcatel SA are in advanced merger discussions, people familiar with the matter said Thursday, in a potential $33 billion cross-border combination that stands to kick off a huge round of consolidation among suppliers to phone companies.

Such a deal, if successful, would be one of the most long-awaited and deeply complicated couplings in the years following the Internet bubble.

And amid growing protectionist sentiment in both the U.S. and Europe, it would also prove a critical test of how far governments are willing to extend their influence to even block such a transaction.

CIEN during this week breakdown the trend Up started on November of 2005 with huge volume on down days. Last daily Candle - Bearish Engulfing.

"CIEN" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.           
All history on a stock pick in 1 thread is awesome.           

Thank You....and good luck with all your trades....make some $$$


I will leave you the chart while I'm in this thread

In the daily chart the stock is forming a possible Inverted Head and Shoulders Pattern, let's see if the stock price will confirm it. RSI Indicator still in Bullish territory and MACD above 0.

Miguel007,
Each time you have a comment on this stock,
"You create a new thread"
Do you not see the thread on this pick? 
I just merged them today !
I will now merge this into that thread. Please read that thread and post your comments
or anything else you have there.