$CSCO had a pretty interesting reaction to earnings. Strong numbers, continued AI growth, stock initially popped... then gave it all back and reversed.
I'm watching the daily 50 SMA, currently around **$118.01**. If buyers defend that area, I think the larger bullish trend is still worth watching. If it loses it, I'd rather wait and see where buyers actually step back in instead of assuming the pullback is done.
I put together a more detailed CSCO spotlight with the earnings numbers and what I'm watching:
[https://daggertrading.com/csco-stock-spotlight-august-2026.html](https://daggertrading.com/csco-stock-spotlight-august-2026.html)
Anyone else watching CSCO for a potential swing around that $118 area, or are you waiting for a different confirmation?