Home > Boards > Free Zone > User's Groups > Lee Kramer's Trading Room

CSCO has put in a nice trading bottom.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
lee kramer Member Profile
 Grandfathered Member
Followed By 145
Posts 86,034
Boards Moderated 3
Alias Born 03/18/01
160x600 placeholder
lee kramer  Grandfathered Member Monday, 08/19/02 06:45:51 PM
Re: None
Post # of 46 
CSCO has put in a nice trading bottom. The stock exhibited a 25% gain in the past 11 days. We saw a 10/20 m/a crossover four days ago. But the run to today's intra-day high of 15 was well above the 10 and 20 day moving average. This action suggests that CSCO is temporarily "overbought" and will likely pull back, within the framework of an uptrend. I bought the Sep 15 put options as CSCO ran powerfully this morning. The stock closed at 14.72. I'm looking for the stock to back off: 13.15 on the low side to 13.70.



Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist