Thursday, February 4, 2010

NDX - 1734 Important Short and Medium term

Cisco sees 'dramatic' sales improvement in 2Q as economy recovers; provides cheery forecast.
Earnings were $1.9 billion, or 32 cents per share, up 23 percent from $1.5 billion, or 26cents per share, a year ago. Excluding one-time charges, Cisco earned 40 cents per share. Analysts polled by Thomson Reuters expected 35 cents per share.
Revenue grew 8 percent to $9.8 billion.
Expect reversal between 1795 and 1807.50.
Close above 1818 strange and open door to test range [1849,1860]
Resistances: 1795,1818,1849,1865
Suport: 1766 and 1734
Click to zoom in. Cheers!!

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