Small acquisition by Cisco Systems Inc. (CSCO) unlikely to make any difference on its stock
By Mark Moneymaster
November 03, 2009 6:53 AM
November 03, 2009 6:53 AM
Symbols: CSCO
The latest acquisition by Cisco Systems Inc. (NASDAQ: CSCO)of a Chinese set-top company is unlikely to shore up its stock.
This is because Ciscco Systems Inc. (CSCO) stock has breached 20 days and 50 days moving average chart of stock from top in recent past to settle around $23.
Cisco Systems Inc. (CSCO) stock is also due to announce its earnings later this week and traders' eyes are hinged on the guidance for December quarter.
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