15Feb3:44 pmEST
Cisco on a Road Trip to Value City
In front of earnings tonight, Cisco is breaking out on all timeframes.
The mature tech play is clearly in the value phase of its existence. Thus, for many market players, including myself, the juicier information on tonight's earnings call will be any specific stocks or sectors upper management mentions on the call--After all, CSCO is almost always in the mix as a rumored acquirer of smaller firms in various industries.
Still, the fact remains CSCO is bullish on all timeframes here, as evidenced by the weekly chart, below. And as long as we do not have a completely blow-up after the report tonight any pullbacks or pauses are likely chances to stalk fresh longs even for a titan of yesteryear like CSCO.
More on the broad market after the bell.
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