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Downgrade Alert for Cisco Systems (CSCO)

By Nick Russo

Cisco Systems (NASDAQ:CSCO) was downgraded from Positive to Mixed at OTR Global today. The stock closed yesterday at $30.68 on volume of 23.2 million shares, above average daily volume of 21.3 million.

Over the past year, Cisco Systems has traded in a range of $22.46 to $31.95 and closed yesterday at $30.68, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

There is potential upside of 1.6% for shares of Cisco Systems based on a current price of $30.68 and an average consensus analyst price target of $31.16. Cisco Systems shares have support at the 50-day moving average (MA) of $27.70 and additional support at the 200-day MA of $26.87.

Cisco Systems, Inc. supplies data networking products for the Internet. The Company's Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company's solutions transport data, voice, and video within buildings, across campuses, and around the world.

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: analyst upgrades/downgrades Cisco Systems

Ticker(s): CSCO