DAILY Wrap-Up and Commentary on Advancers and Profiled Picks: (NASDAQ:CSCO), (NASDAQ:YHOO)


New York, NY -- (ReleaseWire) -- 11/16/2012 --Cisco Systems Inc. (NASDAQ:CSCO) closed its trading session 1.59 percent up. The company recently reported better than expected quarterly results. The stock closed its latest trading session at $17.94. Cisco also reported that it has inked a deal to acquire cloud software firm Cloupia. The deal is likely to be worth $125 million.

The stock shows neutral trend and it is likely to maintain the stance in the short run and medium run. The stock is likely to go up to $18.20 level in the coming trading sessions. Upon breaching this level, the stock may touch $18.58 level.

Find out if the moment to trade CSCO has come by reading the free trend analysis report here: CSCO, Trend analysis report

Yahoo Inc. (NASDAQ:YHOO) is attempting to revive its fortunes under its new CEO Marissa Mayer. The company is a digital media outfit and provides advertising and communication services. Its stock closed its latest trading session at $17.89, up 0.36 percent from its previous close of $17.83.

Yahoo stock opened the session at $17.83 and touched its highest price point at $18.16. Its lowest price point for the session stood at $17.74. Yahoo stock is currently in the bullish mode and is likely to continue the trend as shown by its MACD chart. It is expected to have its first resistance level at $17.90.

Find out more about YAHOO by reading the free trend analysis report here: YHOO, Trend analysis report

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