Watch These Cisco Price Levels as Stock Surges After Strong Earnings, Job Cuts

Key TakeawaysShares 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. ...