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Trade idea: Trade long Cisco Systems on good fundamentals
Michael Jarman, H2O Markets trader, is looking at the technology sector and the company in focus is Cisco System. He says that Cisco System "has good revenue growth and attractive valuation ground".
Cisco Systems is expected to publish its 1Q earning report of 2014 in the middle of this coming November. Michael believes that when these results are out we
will see a 20 percent rise in the price of this stock.
As a result, he is looking to trade long this company at 22.5
with a target at 26.62 and a stop of
21.10.
00:57 minutes
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