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Is CIEN signaling selling opportunity? Bearish Engulfing shows up after sinking 0.8%
On Wednesday, September 17th, CIEN moved down 0.8% while volume increased to 1.4× the usual levels. Multiple bearish signals emerged — New 52 Week High and Bearish Engulfing — suggesting potential weakness ahead. Key support levels exist at 133.03, 129.67 & 126.41, with resistance at 139.64, 142.9 & 146.26. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of CIEN: B
See all signals and full analysis for CIEN on SwingTradeBot.com →
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