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sebastoro (20.74)

CSCO rebound

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August 31, 2010 – Comments (1) | RELATED TICKERS: CSCO

With an RSI at 28.6, CSCO looks for a technical rebound. the stock is actually to oversold and reach a support at 19.8

 I will expect a rebound to 21.9 levels in the next days.....the decline from almost 28 to 19.8 its been too hard for this stock.

 In the weekly chart the RSI is at 36.06 and beside thats not oversold, is one of the lowest of the year...

I think it will rebound with a target price of 21.9 to 22.5

1 Comments – Post Your Own

#1) On September 01, 2010 at 11:48 AM, sebastoro (20.74) wrote:

CSCO rebounding today as expected....20.67

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