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:
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
