Description
⋅ CSCO may have 1 day reversal; shoulld wait until tomorrow. Keep a leash on it.
Comment
⋅ CSCO closed where I bought it but will hang on and add if it rallies tomorrow.
Trade active
⋅ CSCO is a slow mover but going to add to trade b/c potential looks to about $34-35 w/ downside limited to 31.50 ish making this 1:1.5-3.
Technicians might note stock is over 200 day moving average so trend change possible.
The way stock is acting ...looks like it has a short collar on in v large size.