December 6, 2010

Waiting for Cisco to break out of the box

Waiting for CSCO to break out of this box. Might, go down, might go up. Alerts at $19.75 and $19. If it breaks out above $19.75 it could go back up to $21 quickly. If it breaks out below, it could go much lower. Tech stocks are strong right now, CSCO has loads of key market share and technology, so I am expecting the former, but I got stopped out of my Sprint and Nokia trades trying to pick a similar reversal, so am being cautious.

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