Redback Networks, Inc. (RBAK)

[PowerPole]

There's a WAR going on between the short and longs there today over the 15.00 level...It did the exact same thing the last time it tried to break up above it for the very first time...

It hit yesterday's intraday high of 15.20 and needs to take that level out convincingly today!

CSCO reports today after the bell, and they're in the same sector, that's why I'm playing this one today...

I'll be playing CSCO in the after hours session on it's report, though it isn't usually very volatile...It hardly ever moves much intraday most of the time...I'm still going to take a shot at it later today...

If CSCO's report is good, RBAK should go up along with it tomorrow, and I'll take a swing trade position on RBAK if all looks good...