Cisco Systems Inc. (CSCO/NASD): general review
11 December 2018, 12:42
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 46.50 |
| Take Profit | 45.50, 44.50, 44.00 |
| Stop Loss | 46.85, 47.50 |
| Key Levels | 44.00, 45.00, 46.50, 47.50, 48.50, 49.35 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 47.55 |
| Take Profit | 49.00, 50.00 |
| Stop Loss | 46.50 |
| Key Levels | 44.00, 45.00, 46.50, 47.50, 48.50, 49.35 |
Current trend
Cisco shares rose by 6.9% from the October three-month low, having updated the monthly minimum on 3 December. Since the beginning of the year, the emitter's quotes grew by more than 22%. Last week, the company's board of directors approved a quarterly dividend of USD 0.33 to pay on January 23.
During the previous week, Cisco stock dropped by 2.11%. S&P500 index went down by 4.43% during the same period.
Support and resistance
The stock of the company is showing an ambiguous technical picture. #CSCO quotes are consolidating. Key support and resistance levels are at 46.50 and 47.50, respectively. In the near future, correction of the emitter's shares after a protracted rally cannot be excluded.
Indicators don't give a clear signal: the price is testing MA(50); MACD histogram started to decline. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #CSCO shares are neutral.
Support levels: 46.50, 45.00, 44.00.
Resistance levels: 47.50, 48.50, 49.35.
Trading tips
If the price consolidates below the support level of 46.50, #CSCO may continue to correct. Potential profits should be locked in by orders at 45.50, 44.50, and 44.00. Stop-loss – 47.50.
If the price consolidates above 47.50, buying #CSCO should be considered. The moving potential is aimed at the area of 49.00-50.00. Stop loss – 46.50.
Implementation period: 3 days.
Cisco shares rose by 6.9% from the October three-month low, having updated the monthly minimum on 3 December. Since the beginning of the year, the emitter's quotes grew by more than 22%. Last week, the company's board of directors approved a quarterly dividend of USD 0.33 to pay on January 23.
During the previous week, Cisco stock dropped by 2.11%. S&P500 index went down by 4.43% during the same period.
Support and resistance
The stock of the company is showing an ambiguous technical picture. #CSCO quotes are consolidating. Key support and resistance levels are at 46.50 and 47.50, respectively. In the near future, correction of the emitter's shares after a protracted rally cannot be excluded.
Indicators don't give a clear signal: the price is testing MA(50); MACD histogram started to decline. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #CSCO shares are neutral.
Support levels: 46.50, 45.00, 44.00.
Resistance levels: 47.50, 48.50, 49.35.
Trading tips
If the price consolidates below the support level of 46.50, #CSCO may continue to correct. Potential profits should be locked in by orders at 45.50, 44.50, and 44.00. Stop-loss – 47.50.
If the price consolidates above 47.50, buying #CSCO should be considered. The moving potential is aimed at the area of 49.00-50.00. Stop loss – 46.50.
Implementation period: 3 days.
No comments:
Write comments