Large Inflow of Money Witnessed in Cisco Systems

Cisco Systems (CSCO) stock had a bullish inflow of $47.4 million worth of trades on uptick and an outflow of $39.89 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.19. The net money flow into the stock was $7.51 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $5.47 million. An inflow of $2.8 million block trade was recorded on downticks. $8.28 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 2.95 in favor of the bulls. However, Cisco Systems (CSCO) stock traded down $0.06 , and reached $28.66, a drop of -0.21% over the previous day. On a weekly basis, the stock is -0.49%, over the previous weeks close.


Cisco Systems (CSCO) : The highest level Cisco Systems (CSCO) is projected to reach is $39 for the short term and the lowest estimate is at $22. The consolidated price target from 23 rating analysts who initiate coverage on the stock is $30.29 and the possibility the share price can swing is $3.39. The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 3.14%.

Cisco Systems (NASDAQ:CSCO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.72 and $28.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.74, notching a gain of 0.07% for the day. The total traded volume was 17,395,408 . The stock had closed at $28.72 on the previous day.

Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). It groups its products and technologies into the various categories, such as Switching, Next-Generation Network (NGN) Routing, Collaboration, Service Provider Video, Data Center, Wireless, Security, and Other Products. In addition to its product offerings, it provides a range of service offerings, including technical support services and advanced services.

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