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Cisco Systems: 52-Week High Recently Eclipsed (CSCO)

By David Diaz

Shares of Cisco Systems (NASDAQ:CSCO) traded at a new 52-week high today of $52.69. So far today approximately 692,000 shares have been exchanged, as compared to an average 30-day volume of 21.1 million shares.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $40.19 and a high of $52.69 and are now at $52.55, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

Cisco Systems (NASDAQ:CSCO) defies analysts with a current price ($52.55) 7.5% above its average consensus price target of $48.62. Cisco Systems shares have support at the 50-day moving average (MA) of $47.16 and additional support at the 200-day MA of $45.59.

SmarTrend recommended that subscribers consider buying shares of Cisco Systems on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.52. Since that recommendation, shares of Cisco Systems have risen 20.8%. We continue to monitor CSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Cisco Systems

Ticker(s): CSCO