Cisco Systems, Inc. (CSCO) Technical Analysis 4/16/11

The following is Cisco Systems, Inc. (CSCO) Technical analysis for April 18, 2011 

Cisco Systems, Inc. (CSCO)  pivot & Support Levels - 04/18/2011

Resistance levels: $17.63, $17.43, $17.23

Pivot Point: $17.10

Support levels:$16.90, $16.77, $ 16.57

Cisco Systems will now have support at $17. Cisco Systems is a strong buy below $19 for the long term.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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