Cisco Systems is back on its support area and has come close to a strategic entry point.
By 2017, the profitability of Cisco Systems should improve as the net margin growth shows. It should be at 19.05% in 2017 against 18.84% for the current year. Cisco is also expected to increase its sales.
Technically, the security is evolving in a consolidation area limited by the significant USD 26.4 support and the USD 30.2 resistance. Above the lower limit, investors could aim a rebound toward the USD 30.2 resistance area. As a result, active investors can take immediately a long position in Cisco Sytems. The target price is the 20-day moving average at USD 28.29. In case of a breakout of this level, the target price would be USD 29.20.
A stop loss will protect the position at USD 25.6.
At the publication date, the company Surperformance, 4-traders.com website publisher, held a position of 167 Shares, acquired at an average price of USD 29.24 on the 8th of May 2015.