Cisco Systems Inc. (NASDAQ: CSCO), a designer, manufacturer and seller of Internet protocol (IP)-based networking and other products related to the communications and information technology industry, is marginally lower in mid-day trading today. At last check, CSCO was trading 0.09% lower at $19.81 on volume of 8.58 million, which is a fifth of the daily average volume of 43.53 million.
CSCO has seen a pullback in the last few trading sessions after rallying for over a month. The stock has slipped from $20.50 resistance level. CSCO currently has support at around $19.75. If the stock falls below this level then the downward slide could continue.
Last week, CSCO announced the completion of acquisition of Meraki.
Find out if this announcement could change CSCO’s momentum in the upcoming trading sessions by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=CSCO
Sirius XM Radio Inc. (NASDAQ: SIRI), the New York City-based satellite radio company with over 20 million subscribers, is lower in mid-day trading today. At last check, SIRI was down 0.51% to $2.93 on volume of 8.92 million, which is significantly below the daily average volume of 73.24 million.
SIRI last week broke through $2.80 resistance level. The stock had been struggling to break through this level for over a month. However, SIRI has failed to break through $3 resistance level. The stock currently has support at around $2.90. The stock could continue to slide if it falls below $2.90.
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