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Cisco Systems Shares Down 11.8% Since SmarTrend's Sell Call (CSCO)

By James Quinn

SmarTrend identified a Downtrend for Cisco Systems (NASDAQ:CSCO) on August 2nd, 2019 at $53.45. In approximately 3 months, Cisco Systems has returned 11.84% as of today's recent price of $47.12.

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 17% above that low price at $47.12 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

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