Cisco Systems, Inc. (NASDAQ:CSCO) is moving into the 200 daily moving average at $22.25. This level will be solid resistance for the stock in the short term and should cause a pull back. In mid November 2010, Cisco reported earnings that missed Wall Streets hopes and dreams. The stock tumbled from $24.50 to a 52 week low of $19.00. Since then, the stock has inched up, slowly recapturing the losses. Cisco will report earnings in on February 9th, 2011. In the short term, this 200 moving average should cause a small pull back in the stock.
Gareth Soloway
InTheMoneyStocks.com
