On Thursday, Ciena stock got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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Is Ciena Stock A Buy?
Ciena stock has been rallying the last few months and is trying to complete a consolidation with a 54.25 buy point. See if the stock can clear the breakout price in heavy volume.
The telecom fiber optics company showed 23% earnings growth in the latest quarterly report. Revenue gains came in at 16%.
Ciena stock holds the No. 1 rank among its peers in the Telecom-Fiber Optics industry group.
