Cisco Systems Bullish Moving Average Crossover Alert (CSCO)
Cisco Systems (NASDAQ:CSCO) shares have crossed bullishly above their 10-day moving average of $31.46 on a volume of 2.4 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.
Cisco Systems share prices have moved between a 52-week high of $31.95 and a 52-week low of $22.46 and are now trading 41% above that low price at $31.58 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Cisco Systems on July 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.71. Since that recommendation, shares of Cisco Systems have risen 5.5%. We continue to monitor CSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Cisco Systems