CSCO Stock Chart Breakdown
By Johns Wu on Jul 11, 2006
CSCO, Cisco Systems Inc., formed a bearish double top pattern a few months ago, leading the stock into a bearish downtrend.
Today, CSCO broke down from this downtrend, which is a very bearish signal that hints at the possibility of an accelerated downtrend. Keep an eye on CSCO and how it behaves in the gap to determine sentiment on this stock.
This entry was posted on Tuesday, July 11th, 2006 at 8:57 pm and is filed under Annotated Analysis.
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