Cisco Systems Shares Soared Above Their 200 Day Moving Average

    Author Caroline HarrisPosted on Categories Communications, TechTags , , , , , , , , , , , , , , , , , , , , ,
    Cisco Systems Shares Soared

    On Wednesday, Cisco Systems shares soared above their 200 day moving average of $31.79, changing hands as high as $32.05 per share. Shares of the California-based company are currently trading up about 1.2% on the day.

    Below is a chart which illustrates the one-year performance of Cisco (NASDAQ:$CSCO) shares, versus its 200 day moving average:

    Cisco Systems Shares Soared

    When looking at the chart, one can see that Cisco’s low point in its 52-week range is $29.12 per share, with $34.60 as the 52-week high point – that compares with a last trade of $31.90.

    As reported by the ETF Finder at ETF Channel, Cisco makes up 8.67% of the iShares North American Tech-Multimedia Networking ETF which traded higher by about 1.7% on Wednesday.

    Featured Image: Depositphotos/© wolterke

    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.