While fundamentally strong, the momentum crowd has gotten ahead of itself. We can see – just by looking at RSI, MACD and MFI – that the run is beginning to die out. It’s also trading slightly above its upper Bollinger Band with an overbought read of zero on Williams % Range.
That tells us the stock is about to pivot south…
Consider buying to open the CSCO April 2016 27 put up to $1.45.
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