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TMCNet:  Cisco Systems (CSCO) Breaks Through Resistance at $21.14

[January 25, 2013]

Cisco Systems (CSCO) Breaks Through Resistance at $21.14

Jan 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Cisco Systems (NASDAQ:CSCO) has opened bullishly above the pivot of $20.98 today and has reached the first level of resistance at $21.14. Investors may be interested in a cross of the next upside pivot targets of $21.26 and $21.54.

There is potential upside of 6.7% for shares of Cisco Systems based on a current price of $21.11 and an average consensus analyst price target of $22.51. Cisco Systems shares have support at the 50-day moving average (MA) of $19.62 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 are now at $21.11, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

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 10.8%. 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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