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Barchart
Wajeeh Khan

Cisco Stock Plunged Below Its 50-Day Moving Average. Should You Buy the Dip?

Cisco Ray Wang CSCO Cisco Systems United States

Cisco System (CSCO) is dropping today despite posting record revenue for its fiscal Q2 and beating earnings estimates. 

Investors have been put off by the company’s in-line guidance and a slight decline in non-GAAP gross margin, triggering a selloff that pushed it below its 50-day moving average (MA) on Feb. 12.

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