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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 cbrian@mysmartrend.com
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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
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