SAN JOSE, CA – While Cisco Systems Inc. (CSCO) officially ended the trading day in the red, a dramatic late-session recovery has given investors a strong reason to be optimistic for Monday’s open. The networking giant closed at
0.30 (0.44%), but the final price doesn’t tell the whole story.
Thursday’s trading session for Cisco was a rollercoaster. After reaching a daily high of $69.22 around noon, the stock was hit by a significant wave of selling that drove it down to a low of $68.34 in the late afternoon. However, in a powerful display of resilience, buyers stormed back into the market in the final hour of trading. They pushed the stock significantly off its lows, demonstrating that demand remains robust at these price levels.
This type of sharp rebound from the daily low into the closing bell is a classic bullish signal. It indicates that the selling pressure was exhausted and that momentum has shifted firmly in favor of the buyers. A minor positive tick in after-hours trading to $68.66 further supports this optimistic sentiment.
Outlook for Monday:
Despite the negative closing figure, the strong buying pressure at the end of the day is the key takeaway. Therefore, the market for Cisco is likely to go up on Monday. The powerful recovery suggests that dip-buyers see value and are positioning themselves for a continuation of this upward momentum heading into the new trading week.
