In the case of Monster, the catalyst was the results for the second quarter of this year, which They beat expectations and raised a course to the historical maximum. The shares were in the purchase zone up to $ 67.67, while recovered a 10-week-old walking average. In the report, the company showed, among others 11.1 % Increase in sales y/y and a clear improvement in margins
After good results and raising the forecast due to the smaller ones from the expenses of the duties, the Sony Group also noted the minimum – this complements the wider image of demand for companies with readable catalysts.
Is it worth considering buying these shares?
If we focus on continuing to break out, both companies have just left the databases and according to IBD they still have buying zones up to $ 73.27. For CSCO (the current price is $ 71.79) and $ 67.67 for MNST (currently $ 64.69).
Special offer
In a short term, however, it is not rare 1-3-day withdrawal to the purchase point after the first jump, so Timing is important. It is also worth noting that Cisco publishes results on Wednesday, August 13 after the session, which increases both the potential of movement and the risk of rapid variability just after purchase.
Monster already has the publication of results behind it, after a better report (sale +11.1 percent y/y), but After such breaks, short pauses or support tests are frequent before the trend moves further.
If we aim at quick profits, foreign services suggest entries closer to points $ 69.78. (CSCO) and $ 64.45 (MNST) with a strict alloy slightly below these levels, instead of chasing the course far from the base.
For the horizon, the technical system favors the growth, but The decision should always be based on the accepted risk publication of Cisco results and a clearly defined output plan in the event of a failed buy zone test.
Note: The valuations included in the text are only informative and do not constitute a recommendation for the purchase or sale of financial products.
