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Cisco Systems Set to Possibly Rebound After Yesterday's Selloff of 2.12%

By Nick Russo

Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $45.55 to a high of $46.23. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $46.35 on volume of 11.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Cisco Systems share prices have moved between a 52-week high of $58.26 and a 52-week low of $40.25 and are now trading 14% above that low price at $45.85 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 1.16% lower over the past week, respectively.

Keywords: rebounders Cisco Systems

Ticker(s): CSCO