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Stock impact report

Blue-Chip Tech Stock Could Topple Overhead Resistance [Yahoo! Finance]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Shares have shaved off over 10% since their Feb. 10 all-time high of $88.19. However, a historically bullish signal now flashing could help CSCO break out higher. According to Schaeffer's Senior Quantitative Analyst Rocky White, Cisco Systems stock is within 0.75 of the 80-day moving average's 100-day average true range (ATR), after remaining above it 80% of the time in the last two weeks and in 80% of the last 42 trading sessions. This signal has occurred 12 other times in the past 10 years, after which the equity was higher one month later 67% of the time, with an average 2.8% pop. A comparable move would help the stock conquer overhead pressure at $80, which has been in place for the last couple of months. Longer term, CSCO is up 28% in the last 12 months. CSCOd134710728i An unwinding of pessimism in the options pits could boost the shares. This is per the their 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE Show less Read more
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