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Wednesday, February 16, 2011

Cisco Systems, Inc. (CSCO) Stock Analysis 2/16/11

By Tim - http://stockstobuy.org

The following is technical analysis on Cisco Systems, Inc. (CSCO) stock for February 16, 2011

Cisco Systems, Inc. (CSCO) Support & Resistance Levels - 2/16/11

Resistance Levels: $19, $19.14

Support Levels: $17.82

http://stockcharts.com - Chart

Cisco Systems, Inc. (CSCO) hit a new 52 week low today at $18.58. Cisco Systems Inc currently has support located down at $17.82. Cisco Systems will now have resistance between $19-$19.14. Cisco Systems, Inc. (CSCO) is continues to be a strong buy below $20 per share for the long term. If you are looking to get long CSCO, I'd wait until the stock breaks back above $19.

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