CSCO Breakout12/11/17
CSCO has been a strong uptrend from a giant earnings gap.
Consolidation here has led to a tight triangle and an explosive move today. Looking for a break above $38 @ $38.20 to play the strength. Good RSI and weekly trend too.
Profit: 39.45
Entry $38.10
Stop $ 36.70
Jan18 38 Calls for $0.80 OBO on a break of $38.10.