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Worden Discussion Forum » General Discussions » Stock and Market Talk » CSCO broke 52wk lows yesterday and it seems to have room below ...

CSCO broke 52wk lows yesterday and it seems to have room below ... Rate this Topic:
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BigBlock
Posted : Wednesday, January 26, 2005 12:47:24 PM
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Joined: 10/7/2004
Posts: 2,126
 It seems to have runaway to conquer lower ground. Next support about $16,4.
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gentilez
Posted : Wednesday, January 26, 2005 1:55:49 PM
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Joined: 12/27/2004
Posts: 15
 agreed,
however, i do also see support from the trading range dating back to Sep Oct 04 as well as Sept Oct 03.

the breakdown does not seem decisive looking at weekly volume. Certainly not a strong stock. There are better fish in the ocean, but I dont see it "tanking" until it decisively breaks down 17.50.
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