Cisco stock continues to rise. As the price moves within the ascending channel on an upward path, after it tested the support of the killers, reaching level of 43.88.
In two cases, the price faces resistance at 46.89.
In general, the price movement above the moving averages 7-20-50 consecutive bug, which constitutes support for the price to rise and test the next resistance level.
The stochastic oscillator is exiting the oversold zone on an upward path indicating the upward path thus constituting a positive factor pushing the price up.
Targets for the upcoming period 46.89-49.05-51.20