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Cisco Systems Bullish Moving Average Crossover Alert (CSCO)

By James Quinn

Cisco Systems (NASDAQ:CSCO) shares have crossed bullishly above their 10-day moving average of $34.04 on a volume of 8.6 million shares. Swing traders may find an opportunity 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 $34.60 and a 52-week low of $22.46 and are now trading 53% above that low price at $34.28 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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