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Look for Shares of Cisco Systems to Potentially Rebound after Yesterday's 1.24% Sell Off

Dec 02, 2019 (SmarTrend(R) News Watch via COMTEX) --
Cisco Systems (NASDAQ:CSCO) traded in a range yesterday that spanned from a low of $44.67 to a high of $45.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $44.93 on volume of 6.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Cisco Systems has traded in a range of $40.25 to $58.26 and is now at $45.15, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Write to SmarTrend at cs@mysmartrend.com

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