- Shares in Cisco Systems jumped ahead of Thursday’s opening bell after the technology and networking company released earnings that topped Wall Street’s estimates and announced that it’s cutting 7% of its global workforce.
- The share price broke below the neckline of a head and shoulders pattern earlier this month, but lackluster trading volumes indicate a lack of conviction behind the move.
- Cisco shares could run into overhead resistance at key chart levels including $48.50, $50, $52.50, and $58.
https://www.msn.com/en-us/money/topstocks/watch-these-cisco-price-levels-as-stock-surges-after-strong-earnings-job-cuts/ar-AA1oQDWN