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.