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Cisco

$CSCO approaching trendline resistance zone. Short opportunity$CSCO Approaching major trendline resistance. A great short setup at $53 with a profit target of $48.31, which meets long term support and is a partial gap fill. Usually with gaps, there will be a partial (mid-way) gap fill on the first attempt, then a snap back rally, consolidation and at some later point a complete gap fill. This $CSCO opportunity is a great low risk high reward setup, with a stop just above the trendline resistance zone. I've added the short setup to the chart. Cheers.
NASDAQ:CSCOShort
by vergun
Cisco - Profit Potential!I think every IT company uses Cisco software or hardware, so it's no surprise that the stock price grows every month. The uptrend on the CISCO stock is because the management doing their job right. The stock, trading under $50 with a relatively low market cap near $225 billion, may be a value pick for some investors, as well as we can see a two scenario in the near-term, first, the price rises as rocket to $60 p/s (3 weeks max) or it will be trading around $50 p/s the next months. I believe in the uptrend, and I'm sure we will see $60 p/s soon. Right now we have the next data from indicators, RSI is overbought, and the MACD is doing good. The issue of this indicator(RSI) lags behind the stock market and I assure you it does not work on the uptrend. The price can easily goes higher while you thinking that is a good moment to make profit. Wait and watch. The uptrend is a movement which is not easy to stop. The MACD is better for trending stocks, and here we can see it above the centerline and its signal line - the Sign to buy and hold. Enter: $45, 46, 47 Close: $60+ Likes/Comments, Yes please :)
NASDAQ:CSCOLong
by LudwigStirner