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.%
1.1191
-0.0053
0.4731%
1.2951
-0.0051
0.3888%
14.880
-0.124
0.830%
66.188
2.178
3.402%
74.57
0.08
0.11%
1272.820
-2.880
0.226%
 
 
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