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 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