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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.