Cisco Systems may rise to 50.40 - 51.10

Our pivot point is at 46.1.

Our preference

As long as 46.1 is support look for 50.4.

Alternative scenario

Below 46.1, expect 44.9 and 44.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 47.087 and 46.8832).

Supports and resistances

51.8 **

51.1 *

50.4 **

49.6

47.24 (USD-last)

46.6

46.1 **

44.9 *

44.2 **

Number of asterisks represents the strength of support and resistance levels.