20.01.2014 - Shares of Cisco are preparing to continue the growth

The stock price of Cisco is consolidating inside the rising channel. At the moment, there is a great probability of further upward movement of the price to the level of 28.50 and then to the top of the channel and the mark of 30.00. In case of reduction of and fixing the price below 27.00, we recommend to open short positions with the targets at 26.00 and 24.50. Our medium-term outlook is positive.

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