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Cisco Systems Bearish Moving Average Crossover Alert (CSCO)

By Shiri Gupta

Today, shares of Cisco Systems (NASDAQ:CSCO) have fallen below their 10-day MA of $47.07 on a volume of 1.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Cisco Systems share prices have moved between a 52-week high of $58.26 and a 52-week low of $40.25 and are now trading 16% above that low price at $46.73 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%.

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