Blue-Chip Tech Stock Could Topple Overhead Resistance

Software stock Cisco Systems Inc (NASDAQ:CSCO) is up 1.3% to trade at $78.58 at last glance, bucking today's broader market headwinds. Shares have shaved off over 10% since their Feb. 10 all-time high of $88.19. However, a historically bullish signal now flashing could help CSCO break out higher. According to Schaeffer's Senior Quantitative Analyst Rocky White, Cisco Systems stock is within 0.75 of the 80-day moving average's 100-day average true range (ATR), after remaining above it 80% of the time in the ...