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Next Resistance Level for Cisco Systems (CSCO) is $45.24

May 20, 2020 (SmarTrend(R) News Watch via COMTEX) --
Shares of Cisco Systems (NASDAQ:CSCO) opened today above their pivot of $44.67 and have already reached the first level of resistance at $44.92. Investors may be interested in a cross of the next upside pivot targets of $45.24 and $45.81.

Cisco Systems (NASDAQ:CSCO) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $48.62. Cisco Systems shares should first meet resistance at the 50-day moving average (MA) of $40.44 and find additional resistance at the 200-day MA of $45.53.

Cisco Systems share prices have moved between a 52-week high of $58.26 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.3%.

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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