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TMCNet:  Cisco Systems Falls 1.36% on Heavy Volume: Watch For Potential Rebound

[December 27, 2012]

Cisco Systems Falls 1.36% on Heavy Volume: Watch For Potential Rebound

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.


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.

Over the past year, Cisco Systems has traded in a range of $14.96 to $21.30 and is now at $19.65, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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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