Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Cisco Systems' stock (CSCO) rose in the intraday levels, scoring a fresh profit of 0.40% in the last session, or 0.18 points, amid positive support from the 50-day SMA, with positive signals from the RSI, coupled with the dominance of the main upward short-term trend.
Therefore we expect more gains for the stock, as long as the support of 42.98 holds on, targeting the resistance of 46.46.