Cisco Systems: A Strong Short Level Is Near

www.investing.com/analysis/cisco-systems-a-strong-short-level-is-near-200382226

By InTheMoneyStocks.com (Gareth Soloway) | Jan 31, 2019 03:35PM ET

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Shares of Cisco Systems (NASDAQ:CSCO) are up nearly 20% in the last month. The vertical nature of the move has all technical indicators screaming "overbought" and a pullback is near. The exact price comes to us from a gap fill at $47.50 – less than $0.50 away. Pro traders signal a high-reward, low-risk short at $47.50. The downside target is $43.75, the stop that can be used is a daily close above $49.50.

Cisco Systems

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Comments (1)

Bnomar Mehdi Feb 01, 2019 1:37AM ET

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Stocks can last long in the overbought zone , they are not currencies gareth

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Cisco Systems: A Strong Short Level Is Near

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