Cisco Systems may rise to 50.40 - 51.30

Our pivot point stands at 46.3.

Our preference

The upside prevails as long as 46.3 is support.

Alternative scenario

The downside breakout of 46.3 would call for 44.8 and 44.

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 above its 20 and 50 day moving average (respectively at 46.4625 and 47.1402).

Supports and resistances

52.1 **

51.3 *

50.4 **

49.5

47.51 (USD-last)

46.8

46.3 **

44.8 *

44 **

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