Ciena (CIEN) Moves Above 50-Day SMA; Citi Gets Positive on Networking Peers
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Ciena Corp. (Nasdaq: CIEN) shares are up on the session following Citi starting coverage on several of its peers with a Buy rating.
Shares are about 3 percent better on the session, though implied volatility is down about one percent.
Notably, Ciena crossed about its 50-day SMA at $14.22 and is approaching its 100-day SMA at $14.85.
Shares are about 3 percent better on the session, though implied volatility is down about one percent.
Notably, Ciena crossed about its 50-day SMA at $14.22 and is approaching its 100-day SMA at $14.85.
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