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CISCO SYSTEMS
(CSCO-Nasdaq):
Technical Viewpoint: From a low
of $99 1/4 on Apr 20, 1999 prices
rallied, reaching a
high of $122.31
on May 3, 1999. A
decline saw prices pull back, reaching a
low of
$103 3/4 on May 26, 1999.
Another rally saw prices penetrate
resistance, closing 6/16/99
at $116 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 16, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $105.00. Resistance: Is at $122 1/2.
Point & Figure: Reversed to the upside on Jun 16, 1999. A P&F upside
reversal takes place at $111.00. Summary: Technical indicators have turned bullish. BUY! CISCO SYSTEMS
(CSCO-Nasdaq) @ $116 1/2 Stop: Use a protective stop of $113 3/8.
CISCO SYSTEMS is currently trading @ $116 1/4 plus $5.06 on Jun 16, 1999. Price Objective:
$140.00. Risk/Reward: $3 1/8 VS. $23 1/2. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$140.00
Risk/Reward:
$3 1/8 VS. $23 1/2
Risk/Reward Ratio:
7:1
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