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Wednesday, February 23, 2011

Cisco Systems, Inc. (CSCO) Stock Analysis 2/23/11

By Tim -

The following is technical analysis on Cisco Systems, Inc. (CSCO) stock for February 23, 2011

Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 2/23/11

Resistance Levels: $19, $19.14

Support Levels: $17.82 - Chart

Cisco Systems, Inc. (CSCO) is hitting a 52 week low today as the stock market is down big, again. Cisco Systems Inc currently has no major support until $17.82. Cisco Systems will now have resistance between $19-$19.14. Cisco Systems, Inc. (CSCO) continues to be a strong buy below $20 per share for the long term. If you are looking to get long CSCO, I'd wait until the stock breaks back above $19.14.

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