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Cisco (CSCO) is back on the radar today ahead of earnings. Charles Schwab's Kevin Horner takes a peek at the chart to highlight its technical makeup prior to the report. He notes the "bull flag" formation moving up from the end of January at about $73-$85. Going to a 1-year timeframe, Kevin says the question becomes: can the upside trend continue? He notes current straddle pricing indicating a $5-$6 move following Cisco's earnings.
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By Schwab Network4.6
3737 ratings
Cisco (CSCO) is back on the radar today ahead of earnings. Charles Schwab's Kevin Horner takes a peek at the chart to highlight its technical makeup prior to the report. He notes the "bull flag" formation moving up from the end of January at about $73-$85. Going to a 1-year timeframe, Kevin says the question becomes: can the upside trend continue? He notes current straddle pricing indicating a $5-$6 move following Cisco's earnings.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about

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