13.05.2015 - We expect further growth of Cisco shares

Cisco's stock price continued to rise after overcoming a strong resistance level at 24.50. According to our estimates, quotes will reach the psychologically important level 30.00 in the near future. A break of this level will become the basis for the continuation of the upward price movement with the targets at 32.50 and 34.00. The signal about changing the current negative trend will be the quotations fixation below 28.50 and the border of the rising channel. Our medium-term outlook is positive and we recommend holding long positions.

Cisco Sys Inc Statistics

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.