Cisco Set For Technical Breakout As Golden Cross Signals Strength: Analyst Predicts Stock Will 'Quietly' Climb Higher
Portfolio Pulse from Surbhi Jain
Cisco Systems Inc. (NASDAQ:CSCO) is poised for a technical breakout as a Golden Cross signals strength. Despite layoffs, the company has reported strong revenue and is expected to reach new highs.
September 30, 2024 | 3:01 pm
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Cisco Systems is experiencing a bullish trend with a Golden Cross, indicating potential for new highs. Despite layoffs, the company reports strong revenue, supporting a positive outlook.
The Golden Cross, where the 50-day moving average crosses above the 200-day moving average, is a strong bullish indicator. Despite recent layoffs, Cisco's strong revenue performance and positive technical indicators suggest the stock is likely to rise.
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