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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 support at 36.25 and 32.55. If the stock breaks down through support at 36.25 then it will probably continue lower to 32.55. The stock has resistance at 43.40 and at 45.77. If the stock breaks up through resistance at 43.40 then it will probably continue higher to 45.77. The 200-day moving average is at 49.22. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (17.55), so look for a possible rebound soon. Confirm this with the Short-Term Opinion and Daily Opinion to keep from exiting prematurely.”
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