CISCO SYSTEMS
(CSCO-Nasdaq):
Technical Viewpoint: From a low
of $65 1/8 on Oct 25, 1999 prices
rallied, reaching a
high of $103.00
on Dec 8, 1999. A
decline saw prices pull back, reaching a
low of
$92 7/8 on Dec 15, 1999.
Another rally saw prices penetrate
resistance, closing 12/20/99
at $103 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 29, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $96.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 16, 1999. A P&F upside
reversal takes place at $100.00. Summary: Technical indicators have turned bullish. BUY! CISCO SYSTEMS
(CSCO-Nasdaq) @ $103 5/8 Stop: Use a protective stop of $99 7/8.
CISCO SYSTEMS is currently trading @ $103 1/4 plus $3.56 on Dec 20, 1999. Price Objective:
$135.00. Risk/Reward: $3 3/4 VS. $31 3/8. Today's Risk Reward Ratio: 8:1
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