By Tim - http://stockstobuy.org
The following is technical analysis on Cisco Systems, Inc. (CSCO) stock for February 24, 2011
Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 2/24/11
Resistance Levels: $19, $19.14
Support Levels: $17.82
http://stockcharts.com - Chart
Cisco Systems, Inc. (CSCO) stock hit another 52 week low on Thursday. 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.
Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 2/24/11
Resistance Levels: $19, $19.14
Support Levels: $17.82
http://stockcharts.com - Chart
Cisco Systems, Inc. (CSCO) stock hit another 52 week low on Thursday. 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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