Cisco Tops the Dow

Cisco Systems' (CSCO) 3.5% gain today puts it at the top of the DJIA gainers list. This is quite a reversal from a gap-lower open. The stock has been attracting relatively heavy volume as the rally has progressed into midday. Cisco is now trading at new 2014 highs and will post its heaviest positive session of 2014 by the close.

Four weeks after bottoming in December, Cisco ran out of steam just below its flat-lining 200-day moving average. The stock faded in late January and into early February but remained well above its December lows. Cisco found support near $21.40 in early February as a narrow consolidation began to form....185 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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