Cisco returns higher - Analysis - 21-03-2018

Cisco Systems' stock (CSCO) returned higher in the intraday levels, scoring a profit of 0.23% in the last session, or 0.10 points, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA, while the RSI reached extremely oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, as long as the support of 42.98 holds on, targeting the resistance of 46.46.