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The charts are pointing to a rally for Cisco on earnings, says trader

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Cisco is reporting earnings Wednesday, and one trader says the stock's about to bounce back.

is gearing up to report earnings Wednesday, and TradingAnalysis.com founder Todd Gordon says the charts are pointing to a rally for the stock.

What's more, Gordon said that the moving average convergence/divergence , which is an indicator that measures the momentum of a stock, shows that Cisco is oversold and therefore due for a bounce.

 

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