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Cisco Is Vulnerable to Even More Downside


Cisco (CSCO - Get Report) is beginning to look very vulnerable. Today the stock is working on its fifth straight loss as the retreat from last week's high intensifies. In the near term, more downside appears to be ahead and with it a retest of major support. For patient Cisco investors, this will lead to low-risk buying opportunities.

Cisco's powerful run off the Oct. 2 low lifted it over 16% in just over three weeks. This sharp rise pushed shares to its highest...