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Cisco Systems Falling Today on Above-Average Volume (CSCO)

By David Diaz

The price of Cisco Systems shares has slipped to $46.93 (a 7.3% change) on heavy trading volume. About 23.1 million shares have been traded today, as compared to the 30-day average volume of 16.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Cisco Systems has traded in a range of $40.25 to $58.26 and is now at $47.27, 17% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: unusual volume Cisco Systems

Ticker(s): CSCO