Cisco scores precarious gains - Analysis - 11-07-2018

2018-07-11 13:18:12 GMT (Economies.com)
Cisco scores precarious gains - Analysis - 11-07-2018
 

Cisco Systems' stock (CSCO) closed higher in the intraday levels, scoring a profit of 0.45% in the last session, or 0.19 points, while the stock gets hurt by piercing the upside trend line recently in the short term, with negative pressure from the 50-day SMA, while retesting the resistance of 42.98, with positive signals from the RSI. 

 

Therefore we expect the stock to return lower, as long as the resistance of 42.98 holds on, targeting the support of 40.34. 

 
 
 
  Symbol Last Change Chg.%
1.1689
0.0058
0.5025%
1.3189
0.0119
0.9101%
14.191
0.124
0.885%
71.060
2.072
3.004%
79.46
0.06
0.08%
1201.690
7.915
0.663%
 
 
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