CSCO psar bull signal

The networking company Cisco Systems (CSCO) is showing a psar bull signal today after a one-day bear whipsaw. (This sort of reversal seems to be the Theme of the Day.)

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
CSCO $26.44

CSCO shows a string adx of 40 reflecting its price rise from Jan. 28. A break above the current level would bring it into reversal zones in the $27s, $28s and $29s before getting a clear shot at the $32-$34 range.

Earnings are May 10 are far enough from the April expiration date to be within my zone of comfort.

You are here:

• Reversal
• $34.24, +29.5%
• $33.60, +27.1%
• $31.09, +17.6%
• $29.64, +12.1%
• $28.95, +9.5%
• $27.72, +4.8%
• Now $26.44
• Reversal
• $23.87, -9.7%
• $22.35, -15.5%

A very nice spread between reversal levels. I would want to see a break above $26.50 before opening a directional position.

About the glance: The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: green for above 30-up, red for 20-down, yellow for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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Abbreviations: psar - Parabolic Stop and Reverse, adx - Average Directional Index, pps - Person's Proprietary Signal, ma20 - 20-day moving average, macd - Moving Average Convergence-Divergence, mfi - Money Flow Index, sto - Fast Stochastic

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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.