The volume recently has been below average. Recently has broken through a long standing resistance, now has to head through a long standing gap resistance. EMA's are headed higher. The SMA's are separating and headed higher as well. Stochastics and RSI are extremely overbought, MACD is rising fast as well. BB have expanded fairly wide and ADX is headed toward 70. ...
As you can see, MSFT Microsoft Corporation (NASDAQ:MSFT) peaked at a high of $41.66, and it is now trading just a little below that high at $40.79. The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) recently reached a multi year high of $91.45. However, as noted by the chart above, MSFT has put in lower highs and recently made a new lower low at $38.51, before...
Yesterday, Cisco (NASDAQ:CSCO) reported earnings. Cisco is one of those old tech stocks, like Yahoo (NASDAQ:YAHOO), Microsoft Corporation (NASDAQ:MSFT) and IBM (NYSE:IBM). One thing they all have in common is the possibility of going lower in the coming days. Also important to note is that the major indices, specifically the S&P500 (NYSEARCAPY), saw some selling...
Cisco reported. The analyst expectations of $0.48 EPS and $11.4 billion in revenue were both beat, as Cisco posted $0.51 EPS (adjusted) and revenue of $11.5 billion. Net income for the quarter was $2.2 billion, off 12% from the same period last year. The market generally saw Cisco's numbers as signs of progress. The fact that the company was able to beat its own...