CSCO shares filled the upside gap from February as they found Fibo support late last week. The daily trend is still down, but the longer-term trend is rather neutral as price is moving sideways during the last 4 months. A close above $28.50 would reinforce the bullish scenario, while a close below $27.50 would open the door to $-month lows @ $26.
CSCO daily chart (4 months):
Chart courtesy of http://www.StockCharts.com
Please read the Disclaimer!