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Cisco Systems Rises 2.10% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $42.75 to a high of $43.50. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $43.04 on volume of 6.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $30.36 and a high of $46.37 and are now at $43.48, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.2%.

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: rebounders Cisco Systems

Ticker(s): CSCO