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Tuesday, May 31, 2011

Cisco Systems, Inc. (CSCO) Technical Analysis 5/31/11

The following is Cisco Systems, Inc. (CSCO) Technical analysis for May 31, 2011 

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 05/31/2011


Resistance levels: $16.78, $16.67, $16.56

Pivot Point: $16.40

Support levels:$16.29, $16.13, $ 16.02




Cisco Systems is trading under $17 because of disappointing earning news. Cisco Systems is a strong buy below $17 for the long term.
Cisco Systems will now have support at $16s which is new support level.Cisco Systems is a strong buy below $17 per share for long term buy list  for 2011.But stock will stay this range long term.I am looking for next 12 months $24-$25 price target. 


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