CSCO trade ideas
CISCO Possible bearish trade, Break Out volatilityThe title has reached the 2007's top, and it has tested it three times.
Volumes are in downtrend.
Monthly Chart:
Weekly Chart:
Daily Chart:
We can wait the break out of the congestion for open a short position. Stop Loss above the resistance, take profit like in the image.
Of course, if the price overtakes the resistance's line we can open a long position and follow the trend.
Cisco on the way up?Looks like the stock has broken the resistance @ 30$ and now heading toward 33.50$, only a close below 30$ will invalidate the scenario.
CISCO - Looking For A RetracementHello Traders,
I am new here and this is my first post. I am a simple trader that looks for the repetitive nature of the market.
There is Bearish MACD Divergence on both the 4 Hour and Daily charts for Cisco.
This could be a nice setup for year end profit taking with the DOW having had such a huge run up over the last 11 months.
All the best!
Cisco System in ConsolidationEver since Cisco Systems hit all time high of 73 dollar, it never recover at all.
From 2003 onwards, it has been trapped in the triangle consolidation mode.
Time to replace CSCO from DOW component as well.
CSCO share price rises...CSCO share price rises. The current rise is the second part of a dual wave movement. The increase can last up to 39.80 usd, and then I expect a half-wave correction to the level of the correction axis. As the correction axis rises, the third wave may result in a 45.38 usd. In this range, the ATR axis is steeper, and we can expect a faster increase.
CSCO appears to be breaking out of an ascending triangle baseCSCO shares fell off a cliff back in May but after an initial decline, the shares spend the summer base building. Last month, the shares successfully retested support near $30.50, completing a double bottom. Since then they have been under renewed accumulation, as shown by the trend of higher lows and formation of an ascending triangle below $32.00. The shares have now broken out of this base and have retested the breakout point as new support. Next potential resistance appears near $33.10 a previous low then $33.80 the top of a former gap.
Bought 400 CSCO at 32.18CSCO may have 1 day reversal; shoulld wait until tomorrow. Keep a leash on it.
CSCO - Potentional breakout 32,5 USDCSCO - Potentional breakout 32,5 USD, it could go to 33,7-34 USD, if not stoploss under 32
THE HIGHER THEY GO, THE HARDER THEY FALL : a simple question ...A simple question for you to consider :
Why should future return of a (stock/crypto currency/fx pair) always be the same as their past returns? When the investors comes to believe that (stock/crypto currency/fx pair) is guaranteed to make money in long run, won't the market end up being wildly overpriced? and once that happens how can future returns possibly be high?
CSCO covered strangleSold the OCT 20 30/32, ~ 30 deltas, 58 days, @ 40% IV Rank now, (I missed my chance selling when the IV was higher before earnings )
I'm sitting on 3 lots of stock here with 31.64 cost basis. I could have just sold the 32 call against my stock position, but it seems to make more sense to sell the strangle as it brings in more premium and both the call & put won't be assigned. I'm open to acquiring more CSCO stock at 30. A number of fundamental bullish factors should provide support the stock price:
- Free cash flow yield of 4.6%
- Dividend yield of 3.75%, payout ratio 56%
- Both CFRA and Trefis give a higher 'fair value' around $33, Credit Suisse "outperform" rating
- Valued based on 2.43 operating earnings and 5% earnings growth rate over next 3 years.
