Cisco Systems, Inc (CISCO) stock jumped in its latest intraday trading, erasing the losses of its previous session and stabilizing once again above the 50-day SMA. This renewed positive momentum supports the continuation of the main short-term bullish trend. The rise came after the stock successfully corrected its overbought levels on the relative strength indicators, giving it more room to achieve additional gains in the near term.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of 65.75$ holds, targeting the key resistance level of 72.55$.

Todays stock forecast: Bullish.