I'll tell what kind of surprising to me is that CSCO has yet to "roll over".
It has penetrated its 200dayMA, and still seems to be making relatively minor new highs on a daily basis.
stockcharts.com[m,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9]
But it would appear it should come back and test the lower arm of the bollinger band range around $16 (50dayMA), but I'm just not seeing the catalyst for what will cause that(other than profit taking and overvaluation).
However, as you mentioned about JNPR, it has yet to move to its 200dayMA, but seems to be preparing to make such a move.
stockcharts.com[m,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9]
So what I'm wondering is whether there's an arbitrage play that can be made here, selling CSCO short, and going long JNPR?
Or will CSCO's ascent continue in sympathy as JNPR makes its move?
Hawk |
