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.