Wednesday, June 22, 2011

Cisco Systems, Inc (CSCO) - Amazing 3 Month Cycle Of Highs


Every now and then you come across a market that displays a wonderful cyclical pattern which is why I'd like to show you  Cisco Systems, Inc (CSCO)  3 month cycle of highs.

In the above daily chart of CSCO you will notice that every 3 months this stock tends to rally and then sells off. Obviously this cycle is heavily influenced by earnings and the sentiment of traders. If you look closely at the chart, you can really appreciate how accurate this cycle has been.

The next cyclical high for CSCO is due in early August.  Will the cycle of highs continue to work as accurately as it has in the past? Well that remains to be seen but I'll tell you one thing, if this stock is rallying into early August, it might be worth looking at as a possible short.

Cisco Systems Inc. (CSCO) closed today at 15.36 which was down 0.97% from Tuesday's close.

No comments:

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites