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Sunday, July 3, 2011

Cisco Systems, Inc. (CSCO) Technical Analysis 7/2/11

The following is Cisco Systems, Inc. (CSCO) Technical analysis for July 05, 2011 

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 07/05/2011


Resistance levels: $16.35, $16.15
, $16.00

Pivot Point: $15.80

Support levels:$15.65, $15.45, $ 15.30



Cisco Systems is continue downtrend now.Resistance area is $16 and followed by 17 and support broke $15 last week now.But new support have to look $14.78 now which is recent low. Cisco Systems is a strong buy here for the long term.Cisco Systems is a strong buy below $15 share for long term buy list  for 2011 because of this stock will be come just need patience.Cisco Systems is a strong buy below $15 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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