Cisco's stock (CISCO) rose 0.83% in the last session, settling at 56.20, amid the dominance of the downward correctional short-term wave, while hurt by piercing the upward trend line recently, with negative pressure from the 50-day SMA, as the RSI reached overbought legels.
Therefore we expect the stock to return lower, targeting the first support at 54.54, provided the resistance of 56.60 holds on.
Expected trend for today: Bearish