Cisco Systems (CSCO) Moves Into The 200 Moving Average Resistance

Cisco Systems, Inc. (NASDAQ:CSCO) is moving into the 200 daily moving average at $22.25. This level will be solid resistance for the stock in the short term and should cause a pull back. In mid November 2010, Cisco reported earnings that missed Wall Streets hopes and dreams. The stock tumbled from $24.50 to a 52 [...]