CSCO daily
CSCO monthly
Summary
As expected, Cisco System earnings were good, and Mr Market has been reminded of the inherent quality of the company.
Not that many were highlighting Cisco ahead of earnings, but in addition to yours truly...
... Pete Najarian of investitute.com was exceptionally bullish the stock last Friday, and is now seeking $40, which is a valid soft target within the mid term.
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Seen on the bigger monthly chart, the 'natural' price thresholds are clear as crystal. Even the $44s would still be a considerable way below the March 2000 bubble high of $67.30. The 50/57 zone looks just about possible by late 2018, and that would equate to Dow 30k.. if not 35. Crazy talk? Would you rather be short?
yours.. seeing good value in numerous stocks.
