Cisco (CSCO) Testing Resistance

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By Mike Paulenoff | Published 09/13/2011 | Stocks | Unrated

Cisco (CSCO) Testing Resistance

Cisco (CSCO) has thrust to fully test its July 22 high at 16.50, but so far has hit a high of 16.49 in reaction to positive comments emerging from its executives' talk with analysts today.

Be that as it may, purely from a technical perspective, CSCO must hurdle and sustain above 16.50 to trigger upside continuation to 16.80-17.00 next.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.

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