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TMCNet:  Upgrade Alert for Cisco Systems (CSCO)

[January 03, 2013]

Upgrade Alert for Cisco Systems (CSCO)

Jan 03, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Cisco Systems (NASDAQ:CSCO) was upgraded from Sector Perform to Outperform at RBC Capital today. The stock closed yesterday at $20.34 on volume of 40.0 million shares, above average daily volume of 38.8 million. Cisco Systems (NASDAQ:CSCO) has potential upside of 10.0% based on a current price of $20.34 and analysts' consensus price target of $22.38. Cisco Systems shares have support at the 50-day moving average (MA) of $18.67 and additional support at the 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 closed yesterday at $20.34, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Cisco Systems, Inc. supplies data networking products for the Internet. The Company's Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company's solutions transport data, voice, and video within buildings, across campuses, and around the world.

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 7.2%. 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 --------------------------------------------------------------------------------------------- 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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