Cisco Systems may rise to 51.00 - 51.70

Our pivot point is at 47.3.

Our preference

The upside prevails as long as 47.3 is support.

Alternative scenario

The downside breakout of 47.3 would call for 46 and 45.3.

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 47.221 and 46.8294).

Supports and resistances

52.5 **

51.7 *

51 **

50.3

48.43 (USD-last)

47.8

47.3 **

46 *

45.3 **

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