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CISCO SYSTEMS INC
(CSCO-Nasdaq):
Technical Viewpoint: From a low
of $20.68 on Aug 24, 2009 prices
rallied, reaching a
high of $22.64
on Sep 13, 2009. A
decline saw prices pull back, reaching a
low of
$21.07 on Sep 2, 2009.
Another rally saw prices penetrate
resistance, closing 9/11/09
at $23.09. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 2, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 10, 2009. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! CISCO SYSTEMS INC
(CSCO-Nasdaq) @ $23.25 Stop: Use a protective stop of $21.25.
CISCO SYSTEMS INC is currently trading @ $23.09 plus $0.08 on Sep 11, 2009. Price Objective:
$28.00. Risk/Reward: $2.00 VS. $4.75. Today's Risk Reward Ratio: 2:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$28.00
Risk/Reward:
$2.00 VS. $4.75
Risk/Reward Ratio:
2:1
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