Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.65

-0.8%

11:12 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jjs_ynot who wrote (23458)	3/7/1999 12:49:00 AM
From: Technician	of 77400

Pretty good eh? Not quite: The slow and fast signal are overlapping at the center line, the histogram is negative and the stock is almost approaching the over-bought condition in this trading range. The volume was very poor for such a strong day and the intra-day high set very early in the day was tested with strong resistance with the stock backing off immediately. The most ominous thing is that DELL, MSFT and CSCO along with the NAZ COMP closed right at their 50D SMA with INTC clearly in trouble and way below it. The NAZ new lows were more than new highs, the volume was poor and advance/decline ratio was poor. After 3 up days with the most recent showing a DJIA advance of 260+, the NAZ failed to show good volume or move above it's 50D SMA and CSCO mirrors that. Unless the weekend brings some real great news or interest rates come down significantly, CSCO and NAZ will trend down. the range is 95 - 100 with support at 94 and resistance at 101 1/16 and I don't see a breakout either to the upside or even to the downside quite yet.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next