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Wednesday, November 10, 2010

Cisco Systems, Inc. (CSCO) Drops 9%

By Tim - http://stockstobuy.org

The following is technical analysis on Cisco Systems, Inc. (CSCO) stock for November 10, 2010

Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 11/10/10

Resistance Levels: $23

Support Levels: $22.41, $21.50

http://stockcharts.com - Chart

Cisco Systems, Inc. (CSCO) dropped 7% in afterhours tonight due in line earnings. Cisco Sytems came in with earnings per share of $0.42 vs $0.40. Cisco Systems Inc stock is now testing the 50 day moving average located at $22.41. Cisco Systems is a strong buy below $21.50 for the long term.

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