Third Time's the Charm for Cisco, Trade From the Long Side
Cisco Systems, Inc. (CSCO) was last reviewed back in November where I recommended, "stay long CSCO. Raise sell stop protection to a close below $35. My price targets for CSCO go up by fives -- $40, $45 and then $50." With the benefit of a few months of hindsight we can see that CSCO reached our $40 and the $45 price targets.
Like the broad averages, CSCO corrected lower in February but rallied to new highs into March. Prices have retraced some of that advance and may now be poised for new highs. Let's check out the charts again....267 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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