Cisco Systems (CSCO) NewsBite - CSCO Added to Dow Jones Index

Posted: Monday, June 01, 2009 9:50 AM EDT

Cisco Systems (NasdaqNM: CSCO) opened at $19.14. So far today, the stock has hit a low of $19.02 and a high of $19.24. CSCO is now trading at $19.06, up $.56 (3.03%). Over the last 52 weeks the stock has ranged from a low of $13.61 to a high of $27.72. Shares of CSCO are rising this morning after the company was added to the Dow Jones Index along with The Travelers Cos. (TRV). The two stocks are replacing outgoing companies General Motors (GM) and Citigroup (C). Technical indicators for the stock are neutral and S&P gives CSCO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CSCO the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 17 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (CSCO) (TRV) (C) (GM)