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Nick Chiu
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Senior Options Trading Strategist at Optionity, MBA. Our trading approach starts with the fundamentals, then through short-term technical analysis, to finally leverage options trading (with the combination of long and short positions) to achieve favorable risk and reward ratio trading plays. Our... More
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  • Cisco Technical Analysis April 3, 2013 0 comments
    Apr 3, 2013 10:37 PM | about stocks: CSCO

    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.

    (click to enlarge)


    Options Play

    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.

    Stocks: CSCO
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