The opinions expressed should be given only such weight as opinions warrant. Several charts may be presented each day. So, bookmark this page. A Friend Receive free updates from Trading-Ideas Stocks remained under pressure following Cisco's less than stellar earnings. Investors were hoping for positive outlook going forward.
Further consolidation is possible on a near-term basis.
Shares are testing resistance at current level. Shares closed at its previous recovery high but the overall chart pattern remains positive. Technical picture remained constructive for shares of ELNT, which held up well despite weakness in overall tech sector.