• Return to Headlines

Cisco Systems (CSCO) Breaks Through Support at $32.10

By Shiri Gupta

Shares of Cisco Systems (NASDAQ:CSCO) opened today below their pivot of $32.23 and have already reached the first level of support at $32.10. Investors may be interested in a cross of the next downside pivot targets of $31.91 and $31.59.

Cisco Systems has overhead space with shares priced $32.03, or 10.5% below the average consensus analyst 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.

Over the past year, Cisco Systems has traded in a range of $18.37 to $34.60 and is now at $32.03, 74% above that low. The 200-day and 50-day moving averages have moved 0.1% lower and 0.09% higher over the past week, respectively.

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