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Cisco Systems Crosses Above its 10-day MA (CSCO)

By Amy Schwartz

Cisco Systems (NASDAQ:CSCO) shares have crossed bullishly above their 10-day moving average of $35.72 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Cisco Systems has traded in a range of $32.40 to $58.26 and is now at $36.32, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cisco Systems on February 25th, 2020 by issuing a Downtrend alert when the shares were trading at $43.14. Since that call, shares of Cisco Systems have fallen 19.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Cisco Systems

Ticker(s): CSCO