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's stock declined 0.90% in the last session after touching the resistance of the 50-day SMA, leading to a decline to the level of 56.22, while hurt by piercing the main upward trend line recently.
Therefore we expect more losses for the stock, targeting the support of 54.55, provided it settles below 56.60.
Expected trend for today: Bearish