Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Cisco Systems' stock (CSCO) kept rising in the intraday levels, scoring a new profit of 0.48% in the last session, or 0.15 points, with positive signals from relative power indicators, while the stock gets hurt by exiting an ascending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA.
Therefore we still expect the stock to return lower, targeting the support of 30.38 anew, as long as the resistance of 32.42 holds on.