Cisco Systems, Inc. (CSCO) pivot & Support Levels - 04/12/2011
Resistance levels: $18.18, $18.18, $17.91
Pivot Point: $17.72
Support levels:$17.45, $17.26, $ 16.99
Share of Cisco Systems, Inc. (CSCO) was nice rebound week but in daily stock did not performance as good as weekly.CSCO will have resistance up at $18.75. Cisco Systems will now have support at $16.95 which is new support level.Cisco Systems is a strong buy below $17 per share for long term buy list for 2011.But stock will stay this range long term.I am looking for next 12 months $24-$25 price target.
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