Cisco Systems: 7.6% surge, buying volume dominates
Cisco Systems jumps 7.6% as buyers retake control of the tape
Cisco Systems: 7.6% surge, buying volume dominates
Our view last week
Cisco Systems is in week 11 of a buy signal, up 30.66% from entry. The signal strength sits at 55 out of 100, an ordinary picture; the stock ranks 60th among the 125 open buys on US stocks listed on the Nasdaq. The model's coverage is complete, with all 3 price references already hit: the stop now tracks the Inversion Point, in the 113 area.
This week's summary
Cisco Systems closes the week with a 7.6% surge and a sharp swing in buying participation: 97% of trading volume was on the buy side, after weeks led by sellers. In this swing trading setup the price is rebounding off a double bottom in the 112 area, but the MACD histogram and money flow point to a narrower push than the surge suggests. The stock now sits boxed between the 120 and 122 areas.
IQS Phase
55
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#62 / 129
US stocks in progress
Trade P&L %
+40.65%
from signal to today
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