The following is technical analysis of Cisco Systems, Inc. (CSCO) stock for March 29, 2010
Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 3/29/10
Resistance Levels: $26.85, $27.72, $30
Support Levels: $26.32, $25, $24.59
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Cisco Systems, Inc. (CSCO) recently made a high at $26.85 and is now correcting back to the 10 day moving average located at $26.32. I love Cisco Systems as a solid long term buy and hold but only like to buy when it corrects back to the 50 or 200 day moving average. As you can see, Cisco has really rallied over the past two months and is now overbought. Wait for a steeper correction and then pull the trigger!
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