Cisco Systems (CSCO) NewsBite - CSCO Upgraded By Wedbush Morgan Securities
Posted: Thursday, November 12, 2009 12:08 PM EDT
By: Market Intelligence Center Staff
Cisco Systems (CSCO) was upgraded today by analysts at Wedbush Morgan Securities and the stock is now at $23.32, down $0.60 (-2.51%) on volume of 30,211,000 shares traded. Wedbush Morgan Securities Wedbush Morgan Securities upgraded the stock to Outperform from Neutral. Over the last 52 weeks the stock has ranged from a low of $13.61 in March to a high of $24.83 in last month. Cisco Systems stock has been showing support around $23.59 and resistance in the $24.17 range. Technical indicators for the stock are bullish and S&P gives CSCO a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CSCO the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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