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TMCNet:  Cisco Systems Set to Possibly Rebound After Yesterday's Selloff of 1.33%

[January 29, 2013]

Cisco Systems Set to Possibly Rebound After Yesterday's Selloff of 1.33%

Jan 29, 2013 (SmarTrend(R) News Watch via COMTEX) -- Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $20.65 to a high of $20.99. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $20.82 on volume of 35.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $14.96 and a high of $21.30 and are now at $20.78, 39% above that low price. The 200-day and 50-day moving averages have moved 0.10% higher and 1.30% higher over the past week, respectively.

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 11.0%. 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 --------------------------------------------------------------------------------------------- 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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