Cisco Gains Strength, Eyes 52-Week High at $80+

$Cisco(CSCO)$

Rises +1.14%: Tech Giant Breaks Resistance at $78, Momentum Building Toward $85 Target

Latest Close Data

CSCO closed at $78.86 on December 9th (EST), gaining +1.14% (+$0.89).

Stock now sits just 1.5% below its 52-week high of $80.06, marking a strong recovery from November lows.

Core Market Drivers

Enterprise networking demand remains robust amid AI infrastructure buildout across data centers.

Cisco's cybersecurity and cloud transition strategy continues attracting institutional interest.

Mixed capital flows show selective buying with net outflow of $24M today but strong volume ratio at 1.22x.

Technical Analysis

Volume surged to 17.45M shares (22% above average).
MACD shows bullish crossover with DIF (1.51) breaking above DEA (1.50), generating positive momentum at +0.014.
RSI-6 reaches 75.23, indicating strong upward pressure but approaching overbought territory.
KDJ signals continued strength with K-line at 74.83.

Key Price Levels

Primary Support: $67.80 (strong buying interest)
Strong Resistance: $80.06 (52-week high, critical breakout level)
Immediate Pivot: $78.00 (recently conquered resistance now support)

Valuation Perspective

Current P/E TTM stands at 30.45x, well above historical average but justified by AI/cloud transformation. P/S ratio of 5.40x reflects premium valuation. Forward P/E at 18.92x suggests earnings acceleration ahead.

Analyst Targets

19 analysts maintain coverage with average target of $84.51 (7.2% upside potential). Distribution: 5 Strong Buy, 10 Buy, 10 Hold. Target range spans $68.21-$100.00, indicating broad bullish consensus.

Weekly Outlook

Expect consolidation between $77-$80 before next breakout attempt. Volume expansion and MACD momentum support push toward $82-$85 zone if $80.06 resistance breaks. Downside limited to $75 support level.

Risk Disclaimer

This analysis is for informational purposes only. Past performance doesn't guarantee future results. Please conduct your own research and consider your risk tolerance before making investment decisions.

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