Cisco Systems Inc. (CSCO) stock well above its support level of $19.5

By Mark Moneymaster
November 05, 2009 1:04 AM

Symbols: CSCO

Posted in: Earnings, Long Ideas, Technicals, Trading Ideas

Cisco Systems Inc. (NASDAQ: CSCO) stock may take the center stage on Thursday, as Cisco Systems Inc. (CSCO) has announced plans to expand its stock buyback program by $10 billion.

Cisco Systems Inc. (CSCO) stock has got a strong support around $19.5, which is its 200 days MA.

Cisco Systems Inc. (CSCO), the largest maker of networking equipment reported Q3 profits that topped analysts’ estimates after freezing fresh hiring, closing down some branches and cut down on its travel costs.

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Cisco Systems Inc. (CSCO) stock well above its support level of $19.5

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