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CIEN Crosses Below Key Moving Average Level

By Market News Video Staff, Wednesday, June 8, 2:25 PM ET
Now Playing: Learn About The 200 DMA


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In trading on Wednesday, shares of Ciena Corp (NASDAQ:CIEN) crossed below their 200 day moving average of $21.02, changing hands as low as $20.43 per share. Ciena Corp shares are currently trading off about 14.8% on the day. The chart below shows the one year performance of CIEN shares, versus its 200 day moving average:

Ciena Corp 200 Day Moving Average Chart

Looking at the chart above, CIEN's low point in its 52 week range is $11.86 per share, with $29.24 as the 52 week high point — that compares with a last trade of $20.61.

According to the ETF Finder at ETF Channel, CIEN makes up 2.22% of the iShares S&P North American Technology-Multimedia Networking Index Fund ETF (AMEX:IGN) which is trading lower by about 2.4% on the day Wednesday.

     See what other ETFs contain CIEN »
     See what other stocks are held by IGN »

CIEN operates in the Information Technology Services sector, among companies like China Information Technology, Inc. (NASDAQ:CNIT) which is up about 22.2% today, and Innovative Solutions and Support Inc (NASDAQ:ISSC) trading higher by about 1.4%. Below is a three month price history chart comparing the stock performance of CIEN, versus CNIT and ISSC.

CIEN,CNIT,ISSC Relative Performance Chart


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This Article's Word Cloud:   According   American   Average   Below   CIEN   CNIT   Channel   Ciena   Corp   ETFs   ISSC   Information   Investment   Moving   NASDAQ   Portfolio   Technology   Wednesday   about   allows   among   asset   average   below   chart   companies   completely   currently   designed   growth   hands   history   moving   operates   other   performance   point   portfolio   price   range   share   shares   stocks   terms   trading   versus   week   what   which   with
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