Cisco Technical Preview: Trend Is Neutral

 | Mar 22, 2015 12:35AM ET

Cisco Systems Inc (NASDAQ:CSCO) shares found support and rebounded after filling their February gap a few sessions ago. The trend is neutral at current levels as price has been moving sideways in a renge between $26 and $30 during the last 4 months. There is resistance @ Friday’s high ($28.62), before $29, $29.25 and $29.50. A close below $27.50 would open the door to 5-month lows @ $26.

CSCO daily chart (4 months):