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

By David Diaz

Cisco Systems (NASDAQ:CSCO) traded today at a new 52-week high of $56.61. Approximately 856,000 shares have changed hands today, as compared to an average 30-day volume of 19 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.

Over the past year, Cisco Systems has traded in a range of $40.25 to $56.61 and is now at $56.58, 41% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.8%.

Cisco Systems (NASDAQ:CSCO) defies analysts with a current price ($56.58) 14.1% above its average consensus price target of $48.62. Cisco Systems shares have support at the 50-day moving average (MA) of $51.73 and additional support at the 200-day MA of $46.82.

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: 52 week high/lows Cisco Systems

Ticker(s): CSCO