Cisco's most recent trend suggests a bearish bias. One trading opportunity on Cisco is a Bear Call Spread using a strike $51.50 short call and a strike $56.50 long call offers a potential 29.53% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $51.50 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $3.86 would be incurred if the stock rose above the $56.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Cisco is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Cisco is bearish.
The RSI indicator is at 33.71 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
Dividend Analysis: Why Cisco (NASDAQ:CSCO) is Still a Reliable Income Stock with Potential to Revitalize Growth
Thu, 28 Apr 2022 22:21:29 +0000
With a 3% dividend yield, Cisco Systems, Inc. (NASDAQ:CSCO) is back in the focus for income investors. Historically, the company had solid performance, however we need to reevaluate their dividend paying qualities in order to see if Cisco is still appealing.
Ultra Clean Holdings (UCTT) Q1 Earnings Miss, Revenues Up Y/Y
Thu, 28 Apr 2022 15:52:03 +0000
Ultra Clean Holdings (UCTT) Q1 results benefit from strong demand for semiconductor products and services.
NETGEAR (NTGR) Reports Q1 Loss, Misses Revenue Estimates
Thu, 28 Apr 2022 15:50:03 +0000
NETGEAR (NTGR) reports dismal first-quarter 2022 results, with both earnings and revenues declining on a year-over-year basis.
AMETEK (AME) to Report Q1 Earnings: What's in the Offing?
Thu, 28 Apr 2022 15:16:03 +0000
AMETEK's (AME) first-quarter results are expected to reflect the benefits of acquisitions amid the ongoing pandemic.
Zacks Industry Outlook Highlights Cisco, Infinera and Intrusion
Thu, 28 Apr 2022 09:04:09 +0000
Cisco, Infinera and Intrusion have been highlighted in this Industry Outlook article.
Related Posts
Also on Market Tamer…
Follow Us on Facebook