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TMCNet:  Cisco Systems Set to Possibly Rebound After Yesterday's Selloff of 1.54%

[November 07, 2012]

Cisco Systems Set to Possibly Rebound After Yesterday's Selloff of 1.54%

Nov 07, 2012 (SmarTrend(R) News Watch via COMTEX) -- Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $17.09 to a high of $17.90. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $17.20 on volume of 49.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


Cisco Systems share prices have moved between a 52-week high of $21.30 and a 52-week low of $14.96 and are now trading 15% above that low price at $17.21 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

SmarTrend is monitoring the recent change of momentum in Cisco Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cisco Systems in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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