>>> Join us to access robo analyses for over 16,000+ stocks! <<<
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 47.20 and 44.81. If the stock breaks down through support at 47.20 then it will probably continue lower to 44.81. The stock has resistance at 48.29 and at 57.50. If the stock breaks up through resistance at 48.29 then it will probably continue higher to 57.50. 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 47.20 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (82.23).”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<