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TMCNet:  SmarTrend Watching for Potential Rebound in Shares of Cisco Systems After 1.36% Loss

[December 27, 2012]

SmarTrend Watching for Potential Rebound in Shares of Cisco Systems After 1.36% Loss

Dec 27, 2012 (SmarTrend(R) News Watch via COMTEX) -- Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $19.45 to a high of $19.91. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $19.74 on volume of 35.1 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 31% above that low price at $19.65 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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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