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 rose in the intraday levels while trading alongside the main upward short-term trend line, with positive signals from the RSI after reaching oversold levels as shown in the attached chart, amid attempts to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, provided the resistance of 46.37 was breached, targeting the pivotal resistance of 49.47.
Expected trend for today: Bullish