OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday August 4th is Cisco (CSCO). CSCO is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 7.43% move higher and it’s 1m and 6m trend turned bullish on 7/6 and recently broke higher above its $46 resistance level.

Cisco’s 1m and 6m trends turned bullish on 7/6 and recently broke higher above its $30 resistance level on high volume. With a technical score of 8 (out of 10), CSCO looks positioned to continue this strong bullish trend higher.

Click here to View this Trade on $CSCO