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Cisco Systems (CSCO) Breaks Through Support at $52.02

Aug 12, 2019 (SmarTrend(R) News Watch via COMTEX) --
Shares of Cisco Systems (NASDAQ:CSCO) opened today below their pivot of $52.45 and have already reached the first level of support at $52.02. Should the shares continue to fall, the support pivots of $51.62 and $50.79 will be of interest.

In the past 52 weeks, shares of Cisco Systems have traded between a low of $40.25 and a high of $58.26 and are now at $51.89, which is 29% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.26% lower over the past week, respectively.

Cisco Systems (NASDAQ:CSCO) is currently priced 6.3% above its average consensus analyst price target of $48.62. The stock should hit resistance at its 50-day moving average (MA) of $55.74, as well as support at its 200-day MA of $50.95.

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.

Write to SmarTrend at cs@mysmartrend.com

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