The Closing Print live trading and financial blog during market hours.

Microsoft (MSFT) and Cisco (CSCO) Bounce

Two technology stocks on the Dow Industrials Microsoft (MSFT), and Cisco Systems (CSCO) bounced early in the week. Things to consider,

Microsoft, and Cisco Systems Bullish?

  • Microsoft stock and Cisco moved back above their 200-day moving averages Wednesday.
  • Both are working on potential bases, with their shares roughly 10% below 52-week highs.
  • Relative strength lines are all near highs.
  • Microsoft and Cisco also show several quarters of accelerating earnings and sales growth, with cloud computing giving a big boost to Microsoft.

While Microsoft has held up reasonably well in this latest correction, Apple and Amazon have been selling off. Apple is still the world’s most valuable company, but its market cap is now $839.41 billion.

 

 

Microsoft and Cisco stocks are worth watching, but they have work to do before entering a buy range. Caution is still warranted as the market remains in a correction. Traders should wait for a new follow-through day confirms the return of institutions.

The major averages tried to bounce back Wednesday. The Nasdaq composite and S&P 500 index closed higher, but the Dow Jones faded by comparison. Dow components Apple (AAPL), Boeing (BA) and Intel (INTC) finished the session lower.

Join us during our LIVESTREAM broadcast during market hours. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,

Vinny



 

 

Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advise” to enter any particular position or asset.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

Live Sessions

Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned. 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop. 

Â