andrew.berg
Long

CSCO looks poised to make a move higher

NASDAQ:CSCO   CISCO SYSTEMS INC
With Nasdaq sitting on its 14-years record highs, Cisco looks ready for a move higher through $25.17 high. After stock broke up neckline (see my idea in the link below) with powerful gap up on good earnings results, it took couple of days to absorb this wide move above $24.00 and was crawling higher. Now, it is hovering around 8/21 EMA , building nice upper level base above $24.40.

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