Next Support Level for Cisco Systems (CSCO) is $20.68
Shares of Cisco Systems (NASDAQ:CSCO) have bearishly opened below the pivot of $21.28 today and have reached the first support level of $20.90. Analysts will be watching for a cross of the next downside pivot targets of $20.68 and $20.08.
Potential upside of 9.7% exists for Cisco Systems, based on a current level of $20.92 and analysts' average consensus price target of $22.94. Cisco Systems shares have support at the 50-day moving average (MA) of $20.53 and additional support at the 200-day MA of $18.40.
In the past 52 weeks, shares of Cisco Systems have traded between a low of $14.96 and a high of $21.67 and are now at $20.92, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
SmarTrend recommended that subscribers consider buying shares of Cisco Systems on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.97. Since that recommendation, shares of Cisco Systems have risen 11.2%. We continue to monitor CSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts Cisco Systems