Cisco (CSCO) technical preview for March 23, 2015

CSCO shares found support and rebounded after filling their February gap a few sessions ago. The trend is neutral at current levels as price has been moving sideways in a renge between $26 and $30 during the last 4 months. There is resistance @ Friday’s high ($28.62), before $29, $29.25 and $29.50. A close below $27.50 would open the door to 5-month lows @ $26.

CSCO daily chart (4 months):

csco

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

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