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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (29767)11/30/1999 10:13:00 PM
From: Brandon  Respond to of 77400
 
Cisco Systems (CSCO) Avg Volume: 22,250,000. Close: 89 3/16. ADX: 67. Cisco Systems is a strongly uptrending stock. We can see this by looking at the long series of higher highs and lows. After a very strong run from the sideways base the stock broke earlier this month CSCO is having its first pullback. This pullback has brought the stock to an area of moving average (10 day simple) and price support. We will use a wide range day entry strategy for CSCO. We will have two potential entries in this stock. First assuming the stock gaps 1/2 or more under 88 3/8 we will go long the stock as soon as it trades at 88 9/16. Next, if the stock opens at a price above 88 3/8 we will mark the 30 minute high and if it is broken by 1/8 we will go long at that price. Our stop will be placed 3/16 under the low of the day at the time CSCO sets up. We will look for a gain of 3 to 5 points in this stock.

mtrader.com

Brandon Fredrickson