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Cisco Systems (CSCO) Approaches New Downside Target of $28.64

By David Diaz

Shares of Cisco Systems (NASDAQ:CSCO) opened today below their pivot of $28.96 and have already reached the first level of support at $28.85. Should the shares continue to fall, the support pivots of $28.64 and $28.32 will be of interest.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a current low of $0.00 and a high of $29.90 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Cisco Systems (NASDAQ:CSCO) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $31.16. The stock should run into initial resistance at its 200-day moving average (MA) of $26.87 and subsequent resistance at its 50-day MA of $27.70.

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: pivot alerts Cisco Systems

Ticker(s): CSCO