Cisco (CSCO) technical preview March 18, 2015

CSCO shares filled the upside gap from February as they found Fibo support late last week. The daily trend is still down, but the longer-term trend is rather neutral as price is moving sideways during the last 4 months. A close above $28.50 would reinforce the bullish scenario, while a close below $27.50 would open the door to $-month lows @ $26.

CSCO daily chart (4 months):

csco

Chart courtesy of http://www.StockCharts.com

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