Cisco Systems (CSCO) Crossed Above the 50-Day Moving Average: What That Means for Investors

Cisco Systems (CSCO) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CSCO broke out above the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.Shares of CSCO ...