The Traderszone Network

Published in TZ Latest News 30 April, 2015 by The TZ Newswire Staff

Cisco Setting Up Base As Quarterly Results Loom

Cisco Systems (CSCO) is setting up a buying opportunity ahead of its quarterly results, which the company is scheduled to report on May 13. Cisco Systems stock is forming a flat base with a 30.41 buy point. Investors can also view it as a cup base with the same entry point. This would be its first base in 2015. Cisco last broke out from a consolidation in November. The stock rallied 16% from a 26.18 buy point before consolidating gains.

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