Cisco Systems, Inc. (CSCO) pivot & Support Levels - 05/31/2011
Resistance levels: $16.78, $16.67, $16.56
Pivot Point: $16.40
Support levels:$16.29, $16.13, $ 16.02
Cisco Systems is trading under $17 because of disappointing earning news. Cisco Systems is a strong buy below $17 for the long term.Cisco Systems will now have support at $16s 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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