Saturday, May 21, 2011

Cisco Systems, Inc. (CSCO) Technical Analysis

The following is Cisco Systems, Inc. (CSCO) Technical analysis for May 23, 2011

Cisco Systems, Inc. (CSCO) pivot & Support Levels - 05/23/2011

Resistance levels: $16.93, $16.79, $16.66

Pivot Point: $16.58

Support levels:$16.45, $16.37, $ 16.24

Cisco Systems is trading under $17 because of disappointing earning news. Cisco Systems is a strong buy below $17 for the long term.
Cisco Systems will now have support at $16s which is new support level.Cisco Systems is a strong buy below $17 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.