Cisco Systems' stock rose 2.96% in the last session, or 1.30 points, while getting buoyed by a positive pattern that formed in the short term, the Symmetrical Triangle pattern, with a surge in trading volumes, coupled with positive support from the 50-day SMA, while the Relative Strength Index reached extremely overbought levels.
Therefore we expect more gains for the stock, especially if the resistance of 46.37 was breached, targeting the next one at 49.84.