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TMCNet:  Next Resistance Level for Cisco Systems (CSCO) is $21.06

[February 25, 2013]

Next Resistance Level for Cisco Systems (CSCO) is $21.06

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Cisco Systems (NASDAQ:CSCO) opened today above their pivot of $20.85 and have already reached the first level of resistance at $20.98. Analysts will be watching for a cross of the next upside pivot targets of $21.06 and $21.27.

Potential upside of 14.2% exists for Cisco Systems, based on a current level of $21.10 and analysts' average consensus price target of $24.09. Cisco Systems shares have support at the 50-day moving average (MA) of $20.58 and additional support at the 200-day MA of $18.42.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $14.96 and a high of $21.67 and are now at $21.10, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

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 9.4%. 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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