First off, CSCO has had a great run rising over 35% since February! Its long-term trend up is still intact, but it has been showing signs of weakness near the 31.15 level. CSCO has been testing 31.15 for nearly a month and just can't stay over it. Super short-term support is at 30.74 and it has been breached today and most likely will close below this support.
It is time to protect your profits considering the gains CSCO already made. Cash out before the close and if earnings are well received get back in tomorrow or next week. If the earnings are not well received, well lets just say 6 months of profit may go down the drain.
Let me know what you think. 8/17 B4 close
It is time to protect your profits considering the gains CSCO already made. Cash out before the close and if earnings are well received get back in tomorrow or next week. If the earnings are not well received, well lets just say 6 months of profit may go down the drain.
Let me know what you think. 8/17 B4 close