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Shares of Cisco Systems Has Risen Above Previous 52-Week High

By Nick Russo

Shares of Cisco Systems (NASDAQ:CSCO) traded at a new 52-week high today of $53.16. This new high was reached on below average trading volume as 6.7 million shares traded hands, while the average 30-day volume is approximately 21.4 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.

Cisco Systems (NASDAQ:CSCO) is currently priced 8.4% above its average consensus analyst price target of $48.62. Cisco Systems shares have support at the 50-day moving average (MA) of $47.55 and additional support at the 200-day MA of $45.68.

In the past 52 weeks, shares of Cisco Systems have traded between a low of $40.19 and a high of $53.16 and are now at $53.10, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.39% higher and 1.62% higher over the past week, respectively.

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 21.2%. 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