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Bullish Moving Average Cross by Cisco Systems (CSCO)

By Nick Russo

Cisco Systems (NASDAQ:CSCO) crossed over its 10-day moving average of $45.84 on a volume of 5.1 million shares. This may provide swing traders with an opportunity 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 $33.44 and a high of $49.47 and are now at $46.00, 38% 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 risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Cisco Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cisco Systems in search of a potential trend change.

Keywords: moving crosses Cisco Systems

Ticker(s): CSCO