SAN JOSE, CA – Cisco Systems Inc. (CSCO) stock ended the trading day on July 3rd with a powerful rally, but the most significant development for investors occurred after the bell, as continued buying pressure pushed the stock into new 52-week high territory, setting a strongly bullish stage for Monday’s market open.
The networking and cybersecurity giant closed the official session at
1.19 (1.75%). The stock showed relentless strength throughout the day, opening at its low of $68.18 and climbing steadily to a high of $69.47, just shy of its 52-week peak.
However, the real excitement for traders came from the after-hours session. Cisco stock continued to climb, adding another
69.81. This post-market price is critically important as it has breached the previous 52-week high of $69.55, indicating a technical breakout is underway.
Today’s Key Trading Data for Cisco (CSCO):
-
Closing Price: $69.37
-
Day’s Change: +$1.19 (1.75%)
-
After-Hours Price: $69.81 (up 0.63%)
-
Day’s High: $69.47
-
Day’s Low: $68.18
-
52-Week High (Previous): $69.55
Analysis for Monday: Should You Invest?
The technical signals for Cisco stock are overwhelmingly positive, pointing toward continued upward momentum. Here’s what traders need to understand:
-
The Breakout: The most powerful signal is the after-hours price of $69.81 surpassing the 52-week high of $69.55. When a stock breaks through a long-term resistance level like this, it often signals the start of a new leg up, as the path of least resistance is now higher.
-
Sustained Buying Pressure: The intraday chart shows a stock that never looked back. It trended higher all day and finished strong, a sign that bulls were in complete control. The additional gains in after-hours trading confirm this sentiment.
-
New Support Level: The previous resistance level of $69.55 is now expected to act as a new floor, or support, for the stock. As long as Cisco holds above this price, the bullish outlook remains firmly intact.
With a solid dividend yield of 2.36% and a reasonable P/E ratio of 28.43, Cisco offers a blend of growth and income that is attractive to a wide range of investors.
For traders considering an investment, Cisco stock presents one of the clearest bullish breakout signals. The price action indicates a high probability of a “gap up” open on Monday above the old highs. An investment at these levels is a play on the continuation of this strong momentum. The outlook for Monday is decidedly positive, and traders will be watching to see if the stock can build on this breakout and establish a new trading range at these higher levels.
Disclaimer: This article is for informational purposes only and is based on an analysis of past stock performance. It should not be considered financial advice. All investing involves risk, and you should conduct your own research before making any investment decisions.
