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Cisco Systems (CSCO) Breaks Through Support at $21.02
[April 17, 2013]

Cisco Systems (CSCO) Breaks Through Support at $21.02

Apr 17, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Cisco Systems (NASDAQ:CSCO) have bearishly opened below the pivot of $21.09 today and have reached the first support level of $21.02. Investors may be interested in a cross of the next downside pivot targets of $20.87 and $20.65.

There is potential upside of 14.7% for shares of Cisco Systems based on a current price of $20.93 and an average consensus analyst price target of $24.00. Cisco Systems shares should encounter resistance at the 50-day moving average (MA) of $21.16 and support at its 200-day MA of $19.20.

Cisco Systems share prices have moved between a 52-week high of $21.98 and a 52-week low of $14.96 and are now trading 40% above that low price at $20.93 per share. The 200-day and 50-day moving averages have moved 0.34% higher and 0.17% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cisco Systems on November 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.97. Since that recommendation, shares of Cisco Systems have risen 11.5%. We continue to monitor CSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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