Cisco surges ahead of announcement

Cisco (CSCO) surged above resistance and recorded a new 52-week high ahead of Tuesday's big announcement. Notice how CSCO started its move with a volume surge in early February. While the new 52-week high is bullish, the stock is getting a bit frothy and the news is now out. Broken resistance turns into the first support zone to watch.

100309csco

Click this image for details

 Previous Article Next Article