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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 32.38 and 27.13. If the stock breaks down through support at 32.38 then it will probably continue lower to 27.13. The stock has resistance at 42.28 and at 44.44. If the stock breaks up through resistance at 42.28 then it will probably continue higher to 44.44. The 200-day moving average is at 48.85. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (15.78), 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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