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Cisco Testing Resistance


Tuesday September 13th, 2011
Cisco Testing Resistance
by Mike Paulenoff www.MPTrader.com

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.

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