I think every IT company uses Cisco software or hardware, so it's no surprise that the stock price grows every month. The uptrend on the CISCO stock is because the management doing their job right. The stock, trading under $50 with a relatively low market cap near $225 billion, may be a value pick for some investors, as well as we can see a two scenario in the near-term, first, the price rises as rocket to $60 p/s (3 weeks max) or it will be trading around $50 p/s the next months. I believe in the uptrend, and I'm sure we will see $60 p/s soon.
Right now we have the next data from indicators, RSI is overbought, and the MACD is doing good.
The issue of this indicator(RSI) lags behind the stock market and I assure you it does not work on the uptrend. The price can easily goes higher while you thinking that is a good moment to make profit. Wait and watch. The uptrend is a movement which is not easy to stop.
The MACD is better for trending stocks, and here we can see it above the centerline and its signal line - the Sign to buy and hold.
Enter: $45, 46, 47
Close: $60+
Likes/Comments, Yes please :)
Right now we have the next data from indicators, RSI is overbought, and the MACD is doing good.
The issue of this indicator(RSI) lags behind the stock market and I assure you it does not work on the uptrend. The price can easily goes higher while you thinking that is a good moment to make profit. Wait and watch. The uptrend is a movement which is not easy to stop.
The MACD is better for trending stocks, and here we can see it above the centerline and its signal line - the Sign to buy and hold.
Enter: $45, 46, 47
Close: $60+
Likes/Comments, Yes please :)