Cisco Systems, Inc. (CSCO) pivot & Support Levels - 08/01/2011
Resistance levels: $16.46, $16.29, $16.13
Pivot Point: $15.96
Support levels:$15.80, $15.63, $ 15.47
Cisco Systems is nice rebound from low $15 last few days.Resistance area is $16.50 and followed by $17.92 and support area is $14.72. 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.But stock will stay this range long term.I am looking for next 12 months $24-$25 price target.
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