By Tim - http://stockstobuy.org
The following is technical analysis on Cisco Systems, Inc. (CSCO) stock for February 10, 2011
Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 2/10/11
Resistance Levels: $21
Support Levels: $20, $19.82, $19
http://stockcharts.com - Chart
Cisco Systems, Inc. (CSCO) is trading at $19.75 in pre market after the company reported inline earnings but weak guidance for the third straight quarter. Cisco Systems Inc currently has support located at $19.50 and then $19 and remains a strong buy below $20 for the long term. Cisco Systems will eventually get it right and deliver an earnings report that Wall St likes. Cisco Systems, Inc. (CSCO) should be able to hold $19 which is solid support right now. If not, we could see downside to $17.50
Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 2/10/11
Resistance Levels: $21
Support Levels: $20, $19.82, $19
http://stockcharts.com - Chart
Cisco Systems, Inc. (CSCO) is trading at $19.75 in pre market after the company reported inline earnings but weak guidance for the third straight quarter. Cisco Systems Inc currently has support located at $19.50 and then $19 and remains a strong buy below $20 for the long term. Cisco Systems will eventually get it right and deliver an earnings report that Wall St likes. Cisco Systems, Inc. (CSCO) should be able to hold $19 which is solid support right now. If not, we could see downside to $17.50
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