The MACD (12, 26, 9) indicator is showing a bearish trend, but the MACD difference continues to converge. The momentum indicator, RSI (14), is near neutral at 51.30. CSCO is currently trading above its 50-day MA of $21.03 and 200-day MA of $18.74. The next resistance is $21.56, the R1 pivot point, followed by $22.39, the R2 pivot point.
The last reviewed credit put spread of May 18, 2013 $17/$19 is currently trading at a profit. The market is getting more volatile in the last few trading days. Upon any major pullback, investors may review the new credit put option spread of June 22, 2013 $18/$20 put.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CSCO over the next 72 hours.