Cisco Technicals

Wednesday, February 08, 2006 | 09:44 AM

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

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 . . .

Wednesday, February 08, 2006 | 09:44 AM | Permalink | Comments (3) | TrackBack (0)
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Comments

Didn't the CNBC crew go through the whole "tech boom is coming"/"Cisco is the most undervalued stock out there" a year or two ago? Seems like I'm in some kind of groundhog day thing.

Posted by: royce | Feb 8, 2006 10:31:42 AM

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