Cisco Systems may rise to 55.30 - 56.70

Our pivot point stands at 48.3.

Our preference

The upside prevails as long as 48.3 is support.

Alternative scenario

The downside breakout of 48.3 would call for 45.9 and 44.5.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 47.3705 and 47.0632).

Supports and resistances

58.1 **

56.7 *

55.3 **

53.8

50.25 (USD-last)

49.2

48.3 **

45.9 *

44.5 **

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