Cisco Systems, Inc. designs and sells a range of technologies that power the Internet. The Company is integrating its product portfolios across networking, security, collaboration, applications and cloud. The Company's segments include the Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). Its Networking product category represents its core networking technologies of switching, routing, wireless, fifth generation (5G), silicon, optics solutions and compute products. Its Security product category consists of its cloud and application security, industrial security, network security, and user and device security offerings.
Cisco Systems climbed approximately 33% over the past month, reaching record highs. Significant growth in AI infrastructure orders and record-breaking Q3 revenue acted as primary catalysts. Analysts project continued double-digit growth for the next quarter, supported by a multi-year campus networking refresh cycle and surging hyperscaler demand.
The technical picture on the daily charts reflects an extremely overbought state. The current price of $120.41 is 35% above its 200 day moving average and the 14 day relative strength index is at 80%, down from 88% 4 days ago.
The MACD-V indicator shows an extremely over-extended level of +284.87 while the choppiness index is at 25, a level which suggests utter greed and FOMO panic. Should the choppiness index rise above 35 in the coming days, then long liquidations should be activated.
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