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SmarTrend Watching for Potential Pullback in Shares of Cisco Systems After 1.09% Gain

Sep 11, 2019 (SmarTrend(R) News Watch via COMTEX) --
Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $49.33 to a high of $50.07. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $49.35 on volume of 8.6 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 recommended that its subscribers protect gains by selling shares of Cisco Systems on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $53.45. Since that call, shares of Cisco Systems have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $40.25 and a high of $58.26 and are now at $49.85, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has remained constant.

Write to SmarTrend at cs@mysmartrend.com

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