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Cisco Systems Inc (CSCO) “On a long-term technical basis, the stock (CSCO) is trading below its 200-day moving average which implies it is in a negative trend. The stock has broken down through support at 47.34, so look for new support at 44.76.
The stock has support at 47.22 and 44.76. If the stock breaks down through support at 47.22 then it will probably continue lower to 44.76. The stock has resistance at 47.34 and at 49.92. If the stock breaks up through resistance at 47.34 then it will probably continue higher to 49.92. The 200-day moving average is at 50.23. This will also act as resistance. The stock is slightly overbought according to the Stochastic Indicator (67.37).”
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