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 fell recently after the pivotal resistance of 57.55 held on in an attempt to gather momentum to help it rise anew, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to rise, provided the resistance of 57.55 was breached, targeting the next one at 59.25.
Expected trend for today: Bullish