Stock Investors Bid Up Shares of Cisco Systems, Up 1.2%

Published on Wed, 05/27/2015 - 12:21
By Robert Cotter in Market movers, csco, cisco systems, market movers, nasdaq:csco

Cisco Systems (NASDAQ:CSCO) is one of today's notable stocks on the rise, up 1.3% to $29.34. The S&P is currently trading 0.7% higher to 2,119 and the Dow Jones Industrial Average is trading 0.6% higher to 18,153.

Potential upside of 4.7% exists for Cisco Systems, based on a current level of $29.34 and analysts' average consensus price target of $30.71. The stock should find initial support at its 50-day moving average (MA) of $28.46 and further support at its 200-day MA of $26.89.

In the past 52 weeks, Cisco Systems share prices have been bracketed by a low of $22.49 and a high of $30.31 and are now at $29.34, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.

Cisco Systems, Inc. supplies data networking products for the Internet. The Company's Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide. The Company's solutions transport data, voice, and video within buildings, across campuses, and around the world.

By Robert Cotter
rcotter@fnno.com

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