CSCO Jumps 4% Off Earnings

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Shares of Cisco Systems (CSCO) got a boost today after showing off impressive quarterly earnings that beat Wall Street expectations. The network equipment maker is up over a dollar as of 10:27 AM on volume of 55 million and climbing. As seen on this chart the next resistance point is about $29 a share; CSCO currently has an intraday high of $28.85. Expect volume to break 100 million again today.

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-- Posted by Blain Reinkensmeyer on February 7, 2007 at 10:29 am --

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