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Look for Shares of Cisco Systems to Potentially Rebound after Yesterday's 2.80% Sell Off

By Amy Schwartz

Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $43.02 to a high of $44.16. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $44.93 on volume of 27.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cisco Systems have traded between a low of $18.37 and a high of $46.37 and are now at $43.79, which is 138% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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