CSCO Forms 10-Week Cup Base in Stage 2 Uptrend, Pivot at $129.52

Posted on by Eben@CANSLIM Research
CSCO daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

CSCO is advancing within a Stage 2 uptrend, holding above a rising 30-week moving average while passing 7 of 8 trend-template checks. The market is focused on a 10-week Cup Base with a 15.3% depth and a pivot at $129.52, though no breakout has occurred yet. Overall sentiment is bullish, supported by strong price momentum and a 91% gain off the 52-week low, despite a slight pullback from recent highs.

Technical Analysis

As of 2026-08-12 · Close $123.88

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 7.65%)

Detected Patterns — What the Market Is Watching

  • Cup Base — depth 15.3%, length 10 weeks, pivot $129.52. Base formed from 2026-06-04 (left-side high) to 2026-08-12, with the low of $109.66 set on 2026-07-16

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