Cisco amid positive outlook - Analysis - 24-04-2019

Economies.com
2019-04-24 15:02PM UTC

Cisco Systems' stock kept rising in the short term alongside the main upward trend line, with positive support from the 50-day SMA, while the RSI reached oversold levels compared to the stock's movements. 

 

Therefore we expect more gains for the stock, as long as the support of 55.79 holds on, targeting the resistance of 57.80. 

 

Expected trend for today: Bullish 

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