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SmarTrend Watching for Potential Pullback in Shares of Cisco Systems After 2.69% Gain

By David Diaz

Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $43.71 to a high of $44.53. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $43.74 on volume of 10.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $46.16 and a 52-week low of $18.37 and are now trading 142% above that low price at $44.40 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders Cisco Systems

Ticker(s): CSCO