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TMCNet:  Downgrade Alert for Cisco Systems (CSCO)

[November 09, 2012]

Downgrade Alert for Cisco Systems (CSCO)

Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Cisco Systems (NASDAQ:CSCO) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $16.83 on volume of 56.0 million shares, above average daily volume of 35.6 million. Cisco Systems, Inc. supplies data networking products for the Internet. The Company's Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company's solutions transport data, voice, and video within buildings, across campuses, and around the world.

Cisco Systems (NASDAQ:CSCO) has potential upside of 28.8% based on a current price of $16.83 and analysts' consensus price target of $21.67. Cisco Systems shares should first meet resistance at the 200-day moving average (MA) of $18.49 and find additional resistance at the 50-day MA of $18.68.

In the past 52 weeks, shares of Cisco Systems have traded between a low of $14.96 and a high of $21.30 and closed yesterday at $16.83, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cisco Systems on October 24th, 2012 by issuing a Downtrend alert when the shares were trading at $17.69. Since that call, shares of Cisco Systems have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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