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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.

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.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $18.37 and a high of $46.37 and are now at $43.79, 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.

Keywords: rebounders Cisco Systems

Ticker(s): CSCO