$CSCO. Sorrily priced with such deep and rich potential. Get to know how it responds to the uptrending market. Nobody really seems to care and I am thinking maybe they should start doing proper homework. Sincerely, Beauty - Please follow me on twitter @BeautyBubble and here on TradingView
bounce looks done to me, bearish div, upper end of BB's on weekly... bear risk reversal makes sense to me or sell the call at a level you wouldn't mind shorting higher and buy a bearish vertical w puts
After hours trading following earnings report pushed the stock over any established resistance. A follow through on open tonight could result in additional major institutional buying. Short term ATM call (Sept) expiry could be a successful 3 day trade.
CSCO is apparently breaking out of an accumulation zone from $16.24 down to $13.30. The breakout occurred at a price level which leaves CSCO between support at $15.40, down $1.30, and resistance at $17.40, up $0.80. So even though the trend looks constructive it has more risk than reward. One way to make the odds work in your favor is to wait for a pullback to...
