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TMCNet:  Watch for Shares of Cisco Systems (CSCO) to Approach Resistance at $18.20

[November 19, 2012]

Watch for Shares of Cisco Systems (CSCO) to Approach Resistance at $18.20

Nov 19, 2012 (SmarTrend(R) News Watch via COMTEX) -- Cisco Systems (NASDAQ:CSCO) has opened bullishly above the pivot of $17.95 today and has reached the first level of resistance at $18.09. Investors may be interested in a cross of the next upside pivot targets of $18.20 and $18.45.


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 21% above that low price at $18.15 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 0.54% lower over the past week, respectively.

Cisco Systems has overhead space with shares priced $18.15, or 16.5% below the average consensus analyst price target of $21.74. The stock should run into initial resistance at its 200-day moving average (MA) of $18.49 and subsequent resistance at its 50-day MA of $18.68.

SmarTrend is tracking the current trend status for Cisco Systems and will alert subscribers who have CSCO in their portfolio or watchlist when shares have changed trend direction.

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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