Cisco Systems Inc (CSCO) “On a long-term technical basis, the stock (CSCO) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken up through an important long-term resistance level at 38.38 suggesting the long-term down trend could be turning neutral. If this new level of support at 40.92 holds, look for a move higher to the next resistance level at 45.65.

The stock has support at 40.92 and 38.38. If the stock breaks down through support at 40.92 then it will probably continue lower to 38.38. The stock has resistance at 42.17 and at 45.65. If the stock breaks up through resistance at 42.17 then it will probably continue higher to 45.65. The 200-day moving average is at 45.65. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (58.63).”