12.02.2016 - Shares of Cisco showed strong growth and can continue it

Cisco's stock price after a prolonged consolidation above the level of 22.50, showed strong growth and reached the resistance level at 24.60. In case of continuation of the upward movement, quotations will rise to 26.00 and the upper limit of the downward channel. After the strong growth is possible the price correction to 24.00. We expect growth in the near future within the channel, but the medium-term dynamics remains negative.

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