Cisco Systems Inc.&Sirius XM Radio Inc. Trend Analysis Research: (NASDAQ: CSCO), (NASDAQ: SIRI)
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.
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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