$CSCO Cisco Systems Inc Stock Robo Analyst May 17 2020 #CSCO

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. If the new level of support at 43.63 holds, look for a bounce to the next resistance level at 45.54. If the stock breaks up through resistance at 45.85 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.

The stock has support at 43.63 and 40.92. If the stock breaks down through support at 43.63 then it will probably continue lower to 40.92. The stock has resistance at 45.54 and at 48.42. If the stock breaks up through resistance at 45.54 then it will probably continue higher to 48.42. The 200-day moving average is at 45.54. This will also act as resistance. The stock is slightly overbought according to the Stochastic Indicator (68.38).”