This post was just published on ZYX Buy Change Alert.
Old tech laggard CSCO has just broken out.
One successful strategy to keep risk low is to buy laggards in strong sectors. Technology is a strong sector and CSCO is a laggard. The chart shows that it has done almost nothing during this bull market.
The technical breakout is occurring after the earnings report showed signs of renewed growth.
Buy zone is $34 to $36.36, preferably below $34.78. First target zone is $40. to $42. Second target is $46 to $50. This stock also offers 3.41% yield and is attractive for income investors.
Maximum recommended position size is 35% of the full core position size. Stop zone is $32.43 to $32.63.
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