Cisco Systems may fall to 41.50 - 42.50

Our pivot point stands at 47.5.

Our preference

The downside prevails as long as 47.5 is resistance.

Alternative scenario

The upside breakout of 47.5 would call for 49.1 and 50.1.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 47.0355 and 46.7118).

Supports and resistances

50.1 **

49.1 *

47.5 **

46.9

45.83 (USD-last)

43.4

42.5 **

41.5 *

40.6 **

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