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Business / Finance

Cisco Systems (CSCO) publishes a profit, said that the tariffs had little effect

Forex Club 20.05.2019 at 12:28

Cisco(CSCO) Strategy of the transaction Direction of transaction Purchase Entrance (open price) 57,00 Goal (closing price) of 62.00 Stop Loss of 54.00 Horizon until 23.00 GMT 24.05.2019*

the results of the network equipment manufacturer Cisco Systems for the last quarter was better than the expectations of bankers on Wall Street. The tech giant has said that he sees a strong influence on the performance of the company despite us-Chinese clash. The company has closed the financial losses from tariffs by increasing prices for their own products and transfer of production from China to other countries.

Here are some arguments in favor of growth:

the company's Profit for the last quarter increased by 13%. Gross margin has improved from 62.3% in the previous year to 63.1%. Cisco Systems has confirmed its positive Outlook for the next quarter.

From a technical point of view, the price shows strength relative to the overall market S&P. Investors reacted positively to the report and increased the quotes for another 3%, so the returned price is above all key moving averages.

the parameters of the deal

To activate the buy entry it is necessary that the price has overcome the level of historical maximum 57.00. In this case, the last support 54.00 can be used as a stop. You must open a deal in Libertex for buying Cisco (CSCO) at a price of 57.00 24.05.2019 no later than 23:00 GMT:

If your Deposit is different in a big way from $500, it is necessary to proportionally increase the size of the transaction in Libertex. The multiplier remains unchanged. The loss will not exceed 1.7% of the Deposit.

If you want to get your position size multiplier, the potential profit and loss for Libertex, connect to the service LibertexShow .

* If the transaction is not closed for orders (take-profit, stop-loss), it is recommended to close manually before the specified date.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

stocks, trading, stock market, technology, Cisco, CSCO CSCO Tools article: Cisco Systems Inc. Displayed author: andrew.voitkiv