Will the CSCO stock reach USD 33.00 soon?

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And the Hound of the Baskervilles effect is back in action! Please do not think, dear online readers, that this effect spreads not only to the head-and-shoulders pattern. It simply happened that most often I see this just for this pattern, on the charts of stocks that I am interested in.

For instance, on the chart of Cisco Systems, Inc. ( CSCO             ) we again see the head-and-shoulders pattern. This did not drag down the stock, as technical analysis classics suggests. So there is a chance that the stock will grow twice by the head’s increase. The stock already made a first head-height rise, but there is a chance to pass the second one as well. For this reason the stock has so far been above USD 27, and the upside target is roughly USD 33.

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