Cisco Systems, Inc. (CSCO) Technical Analysis May 14, 2012

The following is Cisco Systems, Inc. (CSCO) Technical analysis for May 14, 2012

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 5/14/2012

Resistance levels: $17.31, $17.15, $16.82

Pivot Point: $16.66

Support levels: $16.33, $16.17, $15.84

Share of Cisco Systems, Inc. CSCO will have resistance around $17 and followed by $19.Cisco Systems is a strong buy below $15 share for long term buy list  for 2012 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.This is my one of the Top Pick for 2012.

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