As bucket 3 longs, I am giving CSCO and F stops that are somewhat longer than for bucket 2 swing trades. After breaking out of resistance levels earlier this week, both stocks have given back some the past two days. So far the action looks like healthy consolidation. In both stocks, should they meaningfully fall below the breakout levels on an end of day basis, I will be forced to reevaluate. I don't feel comfortable trading either stock from the short side for the time being however.
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