Cisco Is Peaking
Cisco Systems (CSCO) appears to have lost its upside momentum. Since mid-November, the stock has been tracing out a bullish channel. Heading into this week, shares had risen over 20% over the past 10 weeks.
This impressive run began with a strong first-quarter report back on Nov. 14. Cisco began the run with a powerful gap-higher open and has suffered very little in the way of a pullback since. Over the past couple of weeks, signs of a midterm top have been growing....209 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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