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CISCO SYSTEMS INC
(CSCO-Nasdaq):
Technical Viewpoint: From a low
of $65 7/8 on Sep 28, 1999 prices
rallied, reaching a
high of $73.00
on Oct 6, 1999. A
decline saw prices pull back, reaching a
low of
$65.06 on Oct 18, 1999.
Another rally saw prices penetrate
resistance, closing 11/8/99
at $75.31. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Oct 28, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $70.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 5, 1999. A P&F upside
reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! CISCO SYSTEMS INC
(CSCO-Nasdaq) @ $76 1/8 Stop: Use a protective stop of $73 1/4.
CISCO SYSTEMS INC is currently trading @ $75.31 plus $1.93 on Nov 8, 1999. Price Objective:
$99.00. Risk/Reward: $2 7/8 VS. $22 3/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$99.00
Risk/Reward:
$2 7/8 VS. $22 3/4
Risk/Reward Ratio:
8:1
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