Cisco Faces Resistance at $29

Cisco Systems (CSCO), a provider of networking equipment, on November 9 popped 6.4 percent to close at $26.71 after it announced strong sales and earnings.

Since August 4, 2006 CSCO has increased 54.9 percent, an impressive price advance. But the stock faces resistance at $29. CSCO is best purchased on price dips.

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Posted November 10, 2006.