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kenneth.maake
Jul 14, 2014 7:54 AM

Bearish Bat Pattern Short

Cisco Systems, Inc.NASDAQ

Description

Cisco Systems is developing a very nice classic bearish bat pattern. Should the stock reach the price of $25.92, I might consider shorting the stock. make sure the stop losses are properly place above "x" and target 1 and 2 at 61.8 retracement and 38.2 retracement respectively. The stock might even retrace to $20.28 if Cisco Systems miss the analyst estimates

Enjoy the rest of the week traders $20.31
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