Cisco Systems shows a strong performance for several trading sessions.

Regarding the fundamentals, we note the increase in sales of 6.5% at USD 46 billion recorded over the previous year. Moreover, the company enjoys USD 32.4 billion in cash and Thomson Reuters analysts consensus revised upward EPS estimates.

From a technical viewpoint, prices are well oriented in a bullish trend in the mid and long term. The stock is currently supported by the 20 and 50-day moving averages. The USD 21.9 short-term resistance has already been reached twice in march and buyers are now ready to take the upper hand on sellers to break this level.

Given these elements, most active investors could take a long position above the USD 21.9 resistance and expect to reach USD 24. A stop loss will be placed below the USD 21.2 pivot point, threshold that would invalidate the bullish strategy.