Cisco's (CSCO) lifetime stock chart looks very much similar to that of Microsoft (MSFT). We have discussed the possibility of a very major breakout in Microsoft in a recent analysis. Cisco is currently trading around $24 and it looks like it might take support on the green trend line a tad below current price. Please read the analysis for a better understanding of the chart plotting.
I am of the opinion that investors should look at building fresh positions around current levels and keep a strict stop loss tad below $20. If it breaks below $20 then it might straight away head for the lower end of the long term channel.
This is one more stock you can take exposure to through your IRA.