Cisco surrounded with positive signals - Analysis - 12-10-2017

Cisco Systems' stock (CSCO) rose in the intraday levels, scoring a profit of 0.12% in the last session, or 0.04 points, with positive pressure from the 50-day SMA, as relative strength index reached extremely oversold levels compared to the stock's upward movement, with the dominance of the main upward trend in the medium and short terms within a price channel as shown in the attached chart. 

Therefore we expect more gains for the stock, targeting the the pivotal resistance of 34.48.