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TMCNet:  Cisco Systems (CSCO) Crosses Pivot Point Support at $19.76

[December 27, 2012]

Cisco Systems (CSCO) Crosses Pivot Point Support at $19.76

Dec 27, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Cisco Systems (NASDAQ:CSCO) have bearishly opened below the pivot of $19.91 today and have reached the first support level of $19.76. Should the shares continue to fall, the support pivots of $19.59 and $19.27 will be of interest.

Potential upside of 12.9% exists for Cisco Systems, based on a current level of $19.77 and analysts' average consensus price target of $22.32. The stock should find initial support at its 50-day moving average (MA) of $18.58 and further support at its 200-day MA of $18.30.

In the past 52 weeks, shares of Cisco Systems have traded between a low of $14.96 and a high of $21.30 and are now at $19.77, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 0.34% higher over the past week, respectively.

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 5.0%. We continue to monitor CSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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