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Bullish Moving Average Cross by Cisco Systems (CSCO)

By James Quinn

Today, shares of Cisco Systems (NASDAQ:CSCO) have crossed bullishly above their 10-day moving average of $28.86 on a volume of 4.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $22.46 and a high of $29.90 and are now at $29.01, 29% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Cisco Systems and will alert subscribers who have CSCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Cisco Systems

Ticker(s): CSCO