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Friday, November 12, 2010

Cisco Systems, Inc. (CSCO) Stock Analysis 11/12/10

By Tim - http://stockstobuy.org

The following is technical analysis on Cisco Systems, Inc. (CSCO) stock for November 12, 2010

Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 11/12/10

Resistance Levels: $21

Support Levels: $20, $19.82, $19

http://stockcharts.com - Chart

Cisco Systems, Inc. (CSCO) is still very wounded after CEO John Chambers gave a cautious outlook yesterday. Cisco Systems Inc currently has support located at $19.80-$20 and remains a strong buy below $21 for the long term. All Cisco Systems will have to do is give positive guidance and the stock goes back to $24 easily. This will happen sometime in 2011.

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