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Next Resistance Level for Cisco Systems (CSCO) is $46.87

Jun 30, 2020 (SmarTrend(R) News Watch via COMTEX) --
Cisco Systems (NASDAQ:CSCO) has opened bullishly above the pivot of $46.09 today and has reached the first level of resistance at $46.51. Investors may be interested in a cross of the next upside pivot targets of $46.87 and $47.65.

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 0.2% while the 200-day MA has remained constant.

Potential upside of 0.0% exists for Cisco Systems, based on a current level of $0.00 and analysts' average consensus price target of $48.62. The stock should find initial resistance at its 50-day moving average (MA) of $44.49 and further resistance at its 200-day MA of $45.03.

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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