• Return to Headlines

Cisco Systems (CSCO) Breaks Through Resistance at $31.49

By Amy Schwartz

Cisco Systems (NASDAQ:CSCO) has opened bullishly above the pivot of $31.38 today and has reached the first level of resistance at $31.49. Should the shares continue to rise, the resistance pivots of $31.56 and $31.74 will be of interest.

In the past 52 weeks, shares of Cisco Systems have traded between a low of $18.37 and a high of $34.60 and are now at $31.52, which is 72% above that low price. Over the past week, 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 13.5% based on a current price of $31.52 and analysts' consensus price target of $35.77. The stock should discover initial support at its 50-day moving average (MA) of $27.70 and subsequent support at its 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