Cisco returns higher - Analysis - 07-12-2018

2018-12-07 12:45:52 GMT (Economies.com)
Cisco returns higher - Analysis - 07-12-2018
 

Cisco Systems' stock returned higher with a 2.20% profit in the last session, or 1.04 points, after leaning on the support of 46.37, coinciding with leaning on the support of the 50-day SMA, lending it positive momentum, amid the dominance of the main upward trend in the medium term, readying thereafter to tackle the pivotal resistance of 49.47. 

 

Therefore we expect more gains for the stock, especially if the resistance of 49.47 was breached, targeting the next one at 53.51. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1205
0.0042
0.3740%
1.2713
-0.0024
0.1876%
14.565
0.147
1.023%
59.045
-3.636
5.801%
69.27
1.51
2.23%
1284.910
7.145
0.559%
 
 
News Today