Friday, August 5, 2011

CSCO- REVERSE Buy

CSCO- Cisco -New low today but it closed 12 cents up. Jump in volume too.
Buy with a stoploss at 14.28.

Update 09 Aug 2011. Unfortunately, the above signal fail (almost all stocks are hammered over last 2-3 days in wake of S&P downgrade of US.
Anyway, today is another strong Reverse signal in CSCO. This second Reverse over few days adds good confidence.

Curren rate is 13.98

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