Posted On: 01/06/2014 11:17:42 AM
Post# of 2559
CIEN Daily Chart ~ Took Profits This Morning
As I mentioned yesterday, I wasn't going to let my CIEN profits slip away. I sold at 23.12 this morning, and the stock is now under 23.00. I didn't like the short term negative trending of the FullSto and MACDs along with the fact that the MA50 is going to cross under the 20. Into the position in the high 21.00s/low 22.00s and out at 23.12 for a gain of just under 5% in a few days, but that's better than a kick in the butt. Capital preservation for a future trade. GLTA
As I mentioned yesterday, I wasn't going to let my CIEN profits slip away. I sold at 23.12 this morning, and the stock is now under 23.00. I didn't like the short term negative trending of the FullSto and MACDs along with the fact that the MA50 is going to cross under the 20. Into the position in the high 21.00s/low 22.00s and out at 23.12 for a gain of just under 5% in a few days, but that's better than a kick in the butt. Capital preservation for a future trade. GLTA
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