$CSCO Cisco Systems Inc Stock Robo Analyst July 19 2020 #CSCO

Cisco Systems Inc (CSCO) “On a long-term technical basis, the stock (CSCO) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 45.59 and 43.10. If the stock breaks down through support at 45.59 then it will probably continue lower to 43.10. The stock has resistance at 47.20 and at 50.28. If the stock breaks up through resistance at 47.20 then it will probably continue higher to 50.28. The 200-day moving average is at 44.81. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 45.59 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (67.25).”