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TMCNet:  Cisco Systems Rises 1.26% on Heavy Volume: Watch For Potential Pullback

[December 17, 2012]

Cisco Systems Rises 1.26% on Heavy Volume: Watch For Potential Pullback

Dec 17, 2012 (SmarTrend(R) News Watch via COMTEX) -- Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $19.80 to a high of $20.14. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $20.00 on volume of 46.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


SmarTrend recommended that subscribers consider buying shares of Cisco Systems on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.97. Since that recommendation, shares of Cisco Systems have risen 4.7%. We continue to monitor CSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $14.96 and a high of $21.30 and are now at $20.12, 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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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