$CSCO Cisco has hit major support, Reversal trade.

Entry level $47 = Price Target $57 = Stop loss $45.
P/E 18
Yield 2.98%
Average analysts price target $55.57 | Overweight.
Cisco is exposed to security and the roll out of 5G, the 2 hottest sectors, which should drive growth in this old tech stalwart for the next decade.
Its well valued and Safe.
Company profile
Cisco Systems, Inc. engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA.