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CISCO SYSTEMS

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CIS trade ideas

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.
NASDAQ:CSCO
by ColinCieszynski
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.
NASDAQ:CSCO
by dime
CSCO Follow Through Head and Shoulders PatternThis play is a decent look in our opinions. We aren't concerned about the fundamentals so much as stated on the chart. We see an inverse head-and-shoulders pattern appearing. It's a slower mover so the consolidation can take a bit of time. After that period is over, we do see a potential gap up in the long run. Maybe it be an announcement of a spinoff that would be needed in the near future, in our opinions. Or simply just buying value. This seems to be a large cap that can give a smoothish ride, if there's even such a thing in this game! Alden Investment publications are only meant for viewing pleasure and not to be taken in as financial advice or anything related to such.
NASDAQ:CSCOLong
by AldenInvestments