Cisco Earnings on Schedule- Market looking mixed to bearish

Cisco Systems is scheduled to report its earnings after the market close on Wednesday. The current price of Cisco is $43.89 and has gained 0.33% from the previous price. Cisco ended the last week on a positive note gaining about 2.5% during the week.

According to the market sources, Cisco has only averaged earnings growth of 4% per year over the last three years. Earnings grew by 10% in the last quarter. Sales grew by 4% in the previous quarter. However, sales have actually declined at a rate of 1% annually over the last three years. Sales are expected to grow by 2.6% in 2018.

On the technical front, the RSI is currently at 56.35% and suggests that the market can continue trading sideways. The %K has crossed the %D from above to the downside at 89.95% and suggests that the market may continue trading sideways. The current market price is above the middle line of the Bollinger bands and is currently heading downwards. The price is below MA5. Overall market sentiment seems to be mixed to bearish.

 

Trade Suggestion-Sell At 44.20 Take Profit  At 43.80 Stop Loss At 44.60

 

 

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