years on the market

Cisco Stock Analysis

Cisco shares continue to decline after it managed to breach the support of 54.00 to complete the bearish path and reach the next support 51.28 which is trying to prevent the price from falling further.

The moving averages move above the price and form resistance levels and pressure it to drop.

Stochastic is heading to the oversold area so we are likely to see a breach of the support.

The general trend is to the downside.

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