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Cisco Systems Falls 3.20% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $50.80 to a high of $52.03. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $51.20 on volume of 8.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Cisco Systems has traded in a range of $40.25 to $58.26 and is now at $51.05, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

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: rebounders Cisco Systems

Ticker(s): CSCO