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March 02, 2006
Double Bottom Breakout for Cisco
Just how high is Cisco? Would you believe a 52-week high. The stock formed a big base over the last 18 months and broke above the summer highs with a high volume surge yesterday. The whole pattern from Nov-04 to Mar-06 looks like a massive double bottom and the breakout opens the door to the mid 20s.
Posted by Arthur B. Hill at March 2, 2006 06:52 AM