Cisco Systems stock above support level
By Mike Zaman
Cisco Systems (CSCO)
September 10, 2010
Cisco Systems, one of the NASDAQ premier stocks closed on September 9 at $20.64. This price is just above its support range of $20.35. Cisco has shown a high of $27.74 over the past 52 weeks. The question which is anyone’s guess, can it recapture this high?
CSCO which does not pay dividends is a stock for investors who are looking to make in and out profits. The low over the past 52 weeks was $19.82 so there is a range for capital gain.
Technical indicators show that the stock may be ready for some market recovery, and based on this, market analysts are recommending a strong buy.
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Tags: Cisco Systems, CSCO, NASDAQ, Stock Market, Stocks
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