06-21-2017, 11:59 AM
From The Street
Cisco Systems (CSCO) is undergoing a process of consolidation on its daily chart that could result in a volatile move higher. Shares have been trading in a narrow horizontal channel pattern, which has compressed the price range to a near-breaking point. Last month's large gap lower created an upside resistance vacuum, and the momentum and money flow indicators suggest the stock is prepared to fill the void. Here's the current technical condition of Cisco and the breakout level that could trigger an initial 5.5% rally.
