27.03.2015 - We expect Cisco shares to fall

Cisco's stock price has fixed under an important level of 28.50 and continued to fall. At the moment, quotes reached the level of 27.00, and according to our forecasts downward movement will continue until 26.00. The growth of quotations is limited by the level of 30.00. We expect a price drop in the medium term with the potential of reaching 24.50 and 22.50. And recommend to open short positions with a stop above 28.50.


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