Cisco Systems stock price edged lower in latest intraday trading on profit-taking, while trying to gather positive momentum to rise anew, as it also started to vent off overbought saturation in the Stochastic with negative signals emerging from it, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line.
Therefore we expect the price to rise and target the resistance of $70.45, provided the support of $66.50 holds on.
Todays price forecast: Bullish