Cisco seeks a bottom to boost it - Analysis - 23-02-2018

Cisco Systems' stock (CSCO) fell in the intraday levels, registering a new loss of 0.85% in the last session, or 0.37 points, as the stock seeks a bottom to bounce it higher anew, amid positive support from the 50-day SMA, coupled with the dominance of the main upward short-term trend. 

Therefore we expect the stock to return higher, as long as it settles above 42.26, targeting the resistance of 46.46.