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Cisco Systems, Inc. (CSCO) - Possible Buy?

05/25/00 01:05:55 PM
by Jayanthi Gopalakrishnan

When markets are at relatively low levels, catching securities at the beginning of an upward trend can be rewarding.

Security:   CSCO
Position:   Buy

Cisco Systems, Inc. [CSCO] looks like a buy candidate. From the chart you can see that prices have crossed above their 10-day moving average and broken the downward-sloping trendline.

A possible entry point for a long position would be 57 1/4. This has the potential of a long-term play, possibly rising as high as $70.00. However, I would watch very closely since the markets are volatile at this time. If prices drift below the trendline I would exit my position.

Cisco Systems, Inc. [CSCO] shows some signs of strength, but proceed with caution.
Graphic provided by: CyBerCorp, Inc..
 



Jayanthi Gopalakrishnan


Title: Editor
Company: Technical Analysis of Stocks & Commodities
Address: 4757 California Ave SW
Seattle, WA 98116
Website: Traders.com
E-mail address: Jayanthi@traders.com

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