Ciena Corporation (NASDAQ:CIEN) soared 13.83% or $2.86 cents to 23.54 per share after the company reported a Q3 EPS of $0.23 versus the estimated $0.16, beating by $0.07. EPS were Up 675% from the same quarter last year. Revenue came in at $538.40M versus the estimated $532.28M. Sales were Up 14% year over year. For the current period, Ciena expects revenue of $550 million to $580 million, versus analysts’ estimates of $551 million. From a technical standpoint, chart shows the stock is in a bull market as the stock is trading above 50-day and 200-day exponential moving averages with both going up. In addtion RSI and MACD show buy signal as RSI has rose from oversold level and MACD is now on top of signal line.
BlackBerry Ltd (NASDAQ:BBRY) is a buy based on yesterday’s bullish move. The stock broke the 50-day EMA and also the resistance of the base. First possible target price for this stock is at $11.52 and have to see from there. Looking at the technical indicators, we have the MACD near the center line and RSI moving up above its 50% level.
JDS Uniphase Corp (NASDAQ:JDSU) Starting to look strong again. If we reclaim the 50-day EMA and hold, i expect a rapid move toward 14.3 area. Keeping my eye on this one.
Facebook Inc (NASDAQ:FB) could be flagging. I’m stalking this stock to see if it clears 42.26 on volume.
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