American Stocks Analysis

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 sharpens decline - Analysis - 19-01-2021

Economies.com
2022-01-19 11:38AM UTC

Cisco's stock tumbled 2.66% in the last session, with negative signals from the RSI, while seeking a bottom to bounce it higher, settling at 59.73, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 64.27, provided it settles back above 60.25. 

 

Expected trend for today: Bullish

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