Cisco Systems may rise to 54.90 - 55.60

Our pivot point stands at 51.2.

Our preference

The upside prevails as long as 51.2 is support.

Alternative scenario

The downside breakout of 51.2 would call for 50 and 49.2.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 51.2185 and 49.418).

Supports and resistances

56.4 **

55.6 *

54.9 **

54.1

52.43 (USD-last)

51.7

51.2 **

50 *

49.2 **

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