CSCO breakout watch

Discussion in 'Stocks' started by Stocks4life, Feb 8, 2013.

  1. breakout watch from a month long double top area

    BREAKOUT WATCH for possible breakout above 21.39, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 22.61, 6.3% Stop: 20.94, Loss: 1.5%, Profit/Loss ratio: 4.2 : 1 - Excellent

    CURRENT PRICE 21.26, at resistance, 21.13 ± 0.25, type double, strength 6

    RESISTANCE ABOVE None.

    Chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CSCO