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

Economies.com
2018-07-11 13:18PM UTC

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. 

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