New York (April 19th, 2013) - Cisco Systems Inc. (NASDAQ: CSCO) traded in the range of $19.98 and $20.55 during its latest trading session. The stock had opened at $20.20 and is at $20.39, down 0.92 percent from its previous close of $20.58, with high shares volume. Cisco Systems has traded 31.539 million shares so far and its MACD chart shows neutral trend. The stock is trading below its short term and long term moving average price of $20.41 and $20.42.
Cisco Systems stock command beta of 1.24, implying high volatility. The company develops and markets IP based networking products.
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PoweShares QQQ (NASDAQ: QQQ) fund is at $67.96, down 2.90 percent from its previous close of $69.99. Its latest trading volume has been recorded at 25.773 million shares, in comparison to its average daily trading volume of 33.546 million shares. The fund has made downward movement with unusually high volume and thus shows bearish trend. PoweShares has traded in the range of $60.04 and $70.58 in the past 52 weeks while it grew 31.9 percent during the same time period.
The fund’s market capitalization stands at $34.30 billion. It is currently trading below its 20 days moving average price of $68.69 and 50 days moving average price of $68.21.
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