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Cisco Technicals

Posted By Barry Ritholtz On February 8, 2006 @ 9:44 am In Technical Analysis | Comments Disabled

Cisco gapped up over $1 (6.5%) at the open, based on their earnings. A 3 year chart shows the breakout in 2003, the subsequent breakdown in 2004.

The stock is likely to run into some resistance at $20-21.

click for larger chart

Csco_q106 [1]

Disclosure: No Position

Note that since I am no longer on the Sell Side, the compliance rules on posting items such as this have become dramatically easier . . .


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