TMCnet News
After Yesterday's Rally of 1.95% Shares Could Potentially PullbackNov 23, 2012 (SmarTrend(R) News Watch via COMTEX) -- Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $18.53 to a high of $18.89. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $18.62 on volume of 17.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. 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. In the past 52 weeks, shares of Cisco Systems have traded between a low of $14.96 and a high of $21.30 and are now at $18.84, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |