• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Cisco Systems After 2.12% Loss

By James Quinn

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.

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. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

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