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Sunday, July 10, 2011

Cisco Systems, Inc. (CSCO) Technical Analysis 7/10/11

The following is Cisco Systems, Inc. (CSCO) Technical analysis for July 11, 2011 

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 07/11/2011


Resistance levels: $16.24, $16.07
, $15.90

Pivot Point: $15.73

Support levels:$15.56, $15.39, $ 15.22



Cisco Systems is continue downtrend now and stock was down week last week.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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