Cisco Systems may rise to 50.10 - 50.80

46.2 is our pivot point.

Our preference

The upside prevails as long as 46.2 is support.

Alternative scenario

The downside breakout of 46.2 would call for 45.2 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 above its 20 and 50 day moving average (respectively at 47.164 and 46.9884).

Supports and resistances

51.5 **

50.8 *

50.1 **

49.4

47.32 (USD-last)

46.7

46.2 **

45.2 *

44.5 **

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