by Sam Collins 05/01/08
Cisco Systems Inc. (CSCO) -- This manufacturer of networking and communications products has been in a bull market since the middle of 2007.
On Sept. 1, 2006, Cisco (CSCO) broke from a broader consolidation at $22 and within a year ran to a high above $34. After a six-month pullback, CSCO is again signaling that a major advance could start with a breakout from a "W" bottom supported by three buy signals from our internal indicator, the Collins Bollinger Reversal (CBR). The trading target for CSCO is $30 but, longer term, the stock could run to new highs.
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