Cisco seeks a bottom to boost it - Analysis - 23-02-2018

Economies.com
2018-02-23 12:46PM UTC

Cisco Systems' stock (CSCO) fell in the intraday levels, registering a new loss of 0.85% in the last session, or 0.37 points, as the stock seeks a bottom to bounce it higher anew, amid positive support from the 50-day SMA, coupled with the dominance of the main upward short-term trend. 

 

Therefore we expect the stock to return higher, as long as it settles above 42.26, targeting the resistance of 46.46. 

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