The following is technical analysis of Cisco Systems, Inc. (CSCO) stock for March 15, 2010
Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 3/15/10
Resistance Levels: $26.48, $27.72, $30
Support Levels: $25, $24.22
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Cisco Systems, Inc. (CSCO) topped out on Tuesday at $26.48 in the wake of the Internet announcement last week. Cisco is approaching the $27.72 high from June 2008. If the stock can close above $27.72, I feel it will make a run back to $30+. If you looking to buy Cisco Systems on the next dip, I like pullbacks to the 50 day moving average currently located ($24.22 ). CSCO is a solid long term stock to buy and is the backbone of the Internet!
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