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CSCO is Breaking a Downtrend That Started Back in February

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CSCO is breaking a downtrend that started back in February.  The break is taking place on decent volume. 

We just set an alert at 16.10.  If the alert sounds, we will do one of two things:

  • Buy shares of CSCO and sell front month 17 Calls against them
  • Buy a 15/16 front month Call spread

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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