In last evening’s Forecast Report, Cisco Systems (CSCO) prompted a cautious early short trade target from 24.05 to 23.95. On the long side, the 23.30 to 23.50 range, and secondarily, 23.60 to 23.70, was targeted as a possible play.
Early Thursday, CSCO opened at 23.89, which proved the high of the pre-market session, and just shy of our target range. Still, a sell there, measured to the day low of 23.10, was 3.4% in the black.
From the long side, a move in at the 23.36 pre-market low, as measured to the 23.77 day-session high, is up 1.8%.
