Cisco Stock Faces Bearish Trends Ahead Of Q4 Earnings

Cisco Systems Inc CSCO is set to report its fourth-quarter earnings after market hours on Wednesday.Wall Street expects 85 cents in EPS and $13.54 billion in revenues as the company reportsLet’s look at what the charts indicate for Cisco stock, which is down 16.18$45.06 is trading below its five-, 20- and 50-day exponential moving averages. This consistent positioning below key moving averages indicates significant selling pressure. Chart crea ...