Cisco Systems' stock (CSCO) rose anew in the intraday levels, scoring a profit of 0.75% in the last session, or 0.24 points, as the stock gets hurt by exiting that ascending price channel that limited recent trading, while getting hurt as well by a negative pattern that formed in the short term, the Double Top pattern, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, as long as the resistance of 32.42 holds on, targeting the support of 30.38 anew.