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Cisco Flashes Buy Signal

CSCO reversed at its bullish support line


Cisco Systems (NASDAQ:CSCO) — This manufacturer of IP-based networking and products related to communications and the IT industry has stabilized its profit margins, according to analysts at Credit Suisse who recently revised their price target to $27.

Technically CSCO broke from a bear market in October and has regularly plotted along its 50-day moving average with corrections being reversed at its bullish support line.

Last week, the stock reversed from a conjunction of both lines and flashed a buy signal from the stochastic. The technical target for CSCO is $24.

Trade of the Day -- Cisco Systems (NASDAQ:CSCO)
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Trade of the Day Chart Key

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