Watch a possible breakdown
Saturday, July 28, 2007
Chart courtesy of stockcharts

Cysco shares have had a bad day on Friday, falling more than 2% to 28.97$ breaking an important support at 29$. Looking at the daily chart stock still trading in an uptrend but now under the trend line, with most of indicators in Bearish position such MACD and RSI. So, pay attention to the blue line next week, for a possible breakdown.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

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posted by Pro Investor Trader at 4:31 PM | Permalink


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