Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • Dow

    39,760.08
    +477.75 (+1.22%)
     
  • Nasdaq

    16,399.52
    +83.82 (+0.51%)
     
  • Bitcoin USD

    70,398.38
    +264.15 (+0.38%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • Gold

    2,234.60
    +21.90 (+0.99%)
     
  • Crude Oil

    82.52
    +1.17 (+1.44%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Cisco (CSCO) Stock: Moving Average Crossover Alert

Cisco Systems, Inc. (CSCO) may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. CSCO just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.

You could definitely argue that this has already started to take place, as shares of CSCO have jumped by 5.1% in the trailing 4 weeks. If that wasn’t enough, the company currently possesses a Zacks Rank #2 (Buy), so it could have more room to run in the weeks ahead too.

More bullishness may especially be the case when investors consider what has been happening for CSCO on the earnings estimate revision front lately. No estimates have gone lower in the past two months, compared to 4 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>




CISCO SYSTEMS INC (CSCO): Free Stock Analysis Report


Zacks Investment Research