Cisco climbs in volatile session - Analysis - 22-09-2017

Cisco Systems' stock (CSCO) rose in the intraday levels, scoring a profit of 0.31% in the last session, or 0.10 points, and ending a session marked with volatility, while settling above the resistance of 32.42, as the stock trades within an ascending price channel that guided recent medium-term trading, with positive support from the 50-day SMA, coupled with positive signals from relative power indicators. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 34.45, as long as it settles above 32.42.