Cisco returns higher - Analysis - 26-12-2017

Cisco Systems' stock (CSCO) rose anew in the intraday levels, scoring a profit of 0.05% in the last session, or 0.02 points, amid positive pressure from the 50-day SMA, with the dominance of the main upward short-term trend, readying thereafter to attack the resistance of 38.85. 

Therefore we expect more gains for the stock, especially if the resistance of 38.85 was breached, targeting the next one at 40.29.