financetom
Technology
financetom
/
Technology
/
Cisco price tries to recoup some losses - Forecast today - 08-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cisco price tries to recoup some losses - Forecast today - 08-04-2024
Apr 8, 2024 7:59 AM

Cisco Systems stock price (CSCO) rose in the intraday levels while recouping some recent losses, amid negative pressure from the 50-day SMA, and with the dominance of the downward short-term trend alongside the trend line, with negative signals from the RSI after reaching oversold levels.

Therefore we expect the stock to return lower, targeting the important support of $46.66 and preparing to break it.

Trend forecast: Likely Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What the Options Market Tells Us About Broadcom
What the Options Market Tells Us About Broadcom
Mar 24, 2025
Investors with a lot of money to spend have taken a bullish stance on Broadcom ( AVGO ) . And retail traders should know. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...
What 9 Analyst Ratings Have To Say About Coherent
What 9 Analyst Ratings Have To Say About Coherent
Mar 24, 2025
Analysts' ratings for Coherent over the last quarter vary from bullish to bearish, as provided by 9 analysts. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 4 0 0...
German space startup postpones rocket launch from Norway
German space startup postpones rocket launch from Norway
Mar 24, 2025
OSLO (Reuters) - German startup Isar Aerospace said on Monday it has postponed the launch of a space rocket from Norway due to adverse weather conditions and will try again at a later time. The Spectrum rocket is intended to become the first orbital flight to originate from Europe, where several nations, including Sweden and Britain, have said they want...
CrowdStrike Falcon Platform Expands Risk Prioritization Capabilities To Network Devices: Details
CrowdStrike Falcon Platform Expands Risk Prioritization Capabilities To Network Devices: Details
Mar 24, 2025
On Monday, CrowdStrike Holdings, Inc. ( CRWD ) announced the launch of new Falcon Exposure Management innovations. This is aimed at streamlining cybersecurity by replacing outdated vulnerability management systems and extending AI-powered risk prioritization to network assets. The new capability expands the Falcon platform’s AI-driven risk prioritization to network assets, removing the need for standalone scanners, agents, or hardware. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved