Cisco (CSCO) Offering Possible 6.84% Return Over the Next 34 Calendar Days

Cisco's most recent trend suggests a bearish bias. One trading opportunity on Cisco is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 6.84% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $60.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Cisco is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Cisco is bearish.

The RSI indicator is at 59.83 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Cisco

Cisco Systems (CSCO) Gains But Lags Market: What You Should Know
Thu, 15 Apr 2021 21:45:09 +0000
In the latest trading session, Cisco Systems (CSCO) closed at $51.64, marking a +0.53% move from the previous day.

Here’s what the 30 Dow industrials companies are saying about new voting restrictions
Thu, 15 Apr 2021 15:23:00 +0000
Over a quarter of the Dow industrials companies signed a statement opposing state voting restrictions.

Cisco (AppDynamics) Named a Leader for Ninth Time in 2021 Gartner Magic Quadrant for Application Performance Monitoring
Wed, 14 Apr 2021 16:00:00 +0000
AppDynamics announced today it has been named a Leader in 2021 Gartner Magic Quadrant for Application Performance Monitoring for the ninth time.

Is Cisco Systems (CSCO) Stock Outpacing Its Computer and Technology Peers This Year?
Wed, 14 Apr 2021 15:30:03 +0000
Is (CSCO) Outperforming Other Computer and Technology Stocks This Year?

Cisco Becomes National Football League's Official Technology Partner
Tue, 13 Apr 2021 14:55:42 +0000
Cisco Systems Inc (NASDAQ: CSCO) and the National Football League (NFL) forged a multi-year partnership naming Cisco an Official Technology Partner of the NFL. Cisco will jointly develop a Connected League platform with the NFL, uniting the league on a singular foundation of connectivity with greater speed, intelligence, and security under the arrangement. Presently, every NFL stadium's replay control room is built under Cisco technology and connected back to the Art McNally Gameday Central in New York City via a Cisco network. Most of the league's Official Partners and two-thirds of NFL stadiums depend on Cisco technology. Cisco will also partner with the league to deliver technology education and career opportunities to underserved communities. Price action: CSCO shares traded higher by 0.09% at $51.62 on the last check Tuesday. See more from BenzingaClick here for options trades from BenzingaNEC Extends Cisco Partnership For Universal Positioning Of 5G IP Transport Network SolutionsAT&T SD-WAN And Cisco Extend Remote Work Support, FISMA Compliance For Government Agencies© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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