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CSCO Still has Unfinished Business on the Upside...


One name in the technology sector that has been lagging the high-octane names like Twitter, Inc., Facebook, Inc. (FB), Tesla Motors, Inc. (TSLA), and Intel Corporation (INTC) is Cisco Systems. Inc. (CSCO).

However, that might be on the verge of changing as CSCO looks to be on the verge of upside acceleration after a completed correction off of its July 22 high at 26.08 to the Aug 14 low at 24.32.

In addition, my intermediate-term work argues that CSCO needs one more advance to complete its larger bull phase from the Dec 13, 2013 major corrective low at 20.22 to new highs above 26.50.

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