Cisco Systems, Inc. (CSCO) Technical Analysis August 15, 2013

The following is Cisco Systems, Inc. (CSCO) Technical analysis for August 15, 2013

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 8/15/2013

Resistance levels:
Pivot Point:
Support levels:
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Share of Cisco Systems, Inc. CSCO  is down in ah in bade earning news. Cisco Systems, Inc. CSCO will have resistance around $26 and support at  $22-$23.Cisco Systems is a strong buy below $20 share for long term buy list  for 2014 because  this stock will be come just need patience.But stock will stay $20-$23 range long term.I am looking for next 12 months $30 price target.

Technical Analysis Stock Charts: Charts Below

Daily chart
Weekly chart

Here is is csco  earning report 

Cisco Systems beats by $0.01, beats on revenue

• Cisco Systems (CSCO): FQ4 EPS of $0.52 beats by $0.01.
• Revenue of $12.42B (+6% Y/Y) beats by $0.02B

Cisco -3.9% AH following FQ4 beat, $1.2B spent on buybacks

• Cisco (CSCO) spent a whopping $1.2B on buybacks in FQ4, up from FQ3's $860M and boosting EPS.
• FQ4 product sales (78% of revenue) +6% Y/Y, up from FQ3's +5%. Services growth fell to 6% from FQ3's 7%.
• Sales/marketing spend -2% Y/Y to $2.36B, R&D +7% to $1.5B.
• FQ4 gross margin was 62.1%, down from FQ3's 63% but slightly above guidance of 61%-62%.
• Expectations were definitely high.
• CC getting started. Guidance should be provided.
• FQ4 results, PR

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