Cisco (CSCO) Offering Possible 19.33% Return Over the Next 6 Calendar Days

Cisco's most recent trend suggests a bullish bias. One trading opportunity on Cisco is a Bull Put Spread using a strike $46.00 short put and a strike $41.00 long put offers a potential 19.33% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock dropped below the $41.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Cisco is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Cisco is bullish.

The RSI indicator is at 55.75 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Cisco

Dow Jones Drops 300 Points as Walgreens' Profits Plunge, Microsoft and Cisco Stocks Upgraded
Thu, 09 Jul 2020 20:02:00 +0000
Walgreens is raising its cost savings target as the pandemic hits sales and profits, and analysts see Microsoft and Cisco as good bets.

US STOCKS-Dow, S&P 500 fall on fears over surging virus cases
Thu, 09 Jul 2020 19:11:00 +0000
The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and they began to shift their focus to earnings. Walgreens Boots Alliance Inc tumbled 8.2% after it reported a quarterly loss compared with a profit a year earlier, hurt by non-cash impairment charges of $2 billion as COVID-19 disrupted business at its Boots UK division. S&P 500 companies are expected to post the biggest quarterly decline in earnings since the financial crisis, based on IBES data from Refinitiv.

Huawei Faces Increased Scrutiny. Apple, Cisco, and Other Tech Stocks Could Benefit.
Thu, 09 Jul 2020 19:03:00 +0000
The world’s largest provider of telecommunications infrastructure, Huawei Technologies, has come under increased global scrutiny from concerns that the company’s relationship with China’s government makes relying on its products a security risk. In routing, Huawei is the market leader with 34% of the market, just ahead of Cisco.

Cisco Stock Looks Historically Cheap. Buy It Now, Analyst Says.
Thu, 09 Jul 2020 18:53:00 +0000
Amid a sea of high-price technology stocks, Cisco Systems shares look like a bargain, says Morgan Stanley’s Meta Marshall. She raised her rating on the shares to Overweight and raised her price target to $54.

US STOCKS-Wall St slips as surging virus cases undermine recovery hopes
Thu, 09 Jul 2020 15:54:53 +0000
The Labor Department's most timely data on the economy showed 1.31 million Americans filed for state unemployment benefits in the latest week, down from 1.43 million in the previous week. Declining issues outnumbered advancers for a 4.59-to-1 ratio on the NYSE and a 4.07-to-1 ratio on the Nasdaq.

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