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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.

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