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Cisco Systems Has Returned 17.2% Since SmarTrend Recommendation (CSCO)

By Amy Schwartz

SmarTrend identified a Downtrend for Cisco Systems (NASDAQ:CSCO) on August 2nd, 2019 at $53.45. In approximately 4 months, Cisco Systems has returned 17.16% as of today's recent price of $44.28.

In the past 52 weeks, shares of Cisco Systems have traded between a low of $40.25 and a high of $58.26 and are now at $44.28, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The Company provides products for transporting data, voice, and video within buildings, across campuses, and globally.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cisco Systems.

Log in and add Cisco Systems (CSCO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Cisco Systems

Ticker(s): CSCO