Cisco stock analysis

Cisco share was able to breach the resistance after it opened the week's trading with a gap and settled in trading above the 38.48 resistance level, thus giving the stock an indication of the end of the bearish path and the start of a new bullish path.

The trades stabilized above the SMA 50, which was forming a resistance level for the price, so the price stabilized by moving above all the moving averages, which is also a signal to start the upward movement.

The expected trading range is between 32.50 support and 42.13 resistance

The expected general trend for today: Bearish