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Sunday, October 16, 2011

Cisco Systems, Inc. (CSCO) Technical Analysis - 10/16/11

The following is Cisco Systems, Inc. (CSCO) Technical analysis for October 17, 2011 

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 10/16/2011


Resistance levels: $18.01, $17.84
, $17.69

Pivot Point: $17.52

Support levels:$17.37, $17.20, $ 17.05



Share of Cisco Systems, Inc. (CSCO) is now trading back  $17.50.CSCO will have resistance around $18.50 and followed by $19.50 which is gap between $19.50 to $20.50 need to watch now.Cisco Systems is a strong buy below $15 share for long term buy list  for 2011 because  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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