Can a Classic Chart Pattern Propel Cisco Systems Stock to the Upside?

Cisco Systems, Inc. (CSCO) was last reviewed in the middle of April where I commented that, "While CSCO has made two downside corrections since the beginning of 2018, it looks capable of setting new highs in the near-term. If you can afford to risk below $40, trade from the long side looking for a rally to the $48.77 to $50 area."

Checking out the charts this morning (below), I can see that over the past two months that CSCO rallied to just short of our target area before pulling back to a higher low. The price pattern looking back to February looks like a large ascending triangle formation....380 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

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.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.