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Cisco Systems (CSCO) Approaches New Upside Target of $30.57

By James Quinn

Shares of Cisco Systems (NASDAQ:CSCO) have bullishly opened above the pivot of $30.25 today and have reached the first resistance level of $30.39. Investors may be interested in a cross of the next upside pivot targets of $30.57 and $30.89.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $22.46 and a high of $31.95 and are now at $30.52, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Cisco Systems has overhead space with shares priced $30.52, or 2.1% below the average consensus analyst price target of $31.16. Cisco Systems shares have support at the 50-day moving average (MA) of $27.70 and additional support at the 200-day MA of $26.87.

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: pivot alerts Cisco Systems

Ticker(s): CSCO