Cisco leans on upside trend line - Analysis - 12-10-2018

2018-10-12 13:16:19 GMT (Economies.com)
Cisco leans on upside trend line - Analysis - 12-10-2018
 

Cisco Systems' stock skidded 3.31% in the last session, or 1.51 points, leaning thereafter on the upside medium-term trend line, while the RSI reached oversold levels, amid negative pressure from the 50-day SMA. 

 

Therefore we expect more losses for the stock, as long as the resistance of 46.37 holds on, targeting the support of 41.96. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1477
-0.0045
0.3901%
1.2991
-0.0081
0.6162%
14.761
0.129
0.878%
66.591
-2.691
3.884%
76.37
-3.46
4.33%
1231.965
5.260
0.429%
 
 
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