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Monday, June 6, 2011

Cisco Systems, Inc. (CSCO) Technical Analysis 6/6/11

The following is Cisco Systems, Inc. (CSCO) Technical analysis for June 06, 2011 

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 06/06/2011


Resistance levels: $16.40, $16.27, $16.14

Pivot Point: $16.06

Support levels:$15.93, $15.82, $ 15.72



Cisco Systems is trading under $16-$17 last week and stock did break over $17 now which will be short term resistance.Cisco Systems is a strong buy under $16 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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