Cisco stock price traded near $49 as digital
Cisco stock price traded near $49 as digital modernization initiatives by governments and enterprises continue to expand TAM. Chart breakouts in peer group stocks could have spillover effects on Cisco valuations. SCHD typically invests in stocks found in the Dow Jones U.S. Dividend 100 Index, which excludes real estate investment trusts (REITs), master limited partnerships, preferred stocks, and convertibles. Stocks included in this index all have a decade of dividends under their belt and a minimum market cap of $500 million. The fund also looks for stocks that are fundamentally stronger than others in their peer group. Let’s see how things are shaping up prior to this announcement. Latest trading data shows Cisco stock price at $49.02 with balanced order book activity. Swing traders target upside toward $50.50 based on Fibonacci retracement zones from prior highs.
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