Chart of the Day - Cisco Systems (CSCO)

The "Chart of the Day" is Cisco Systems (CSCO), which showed up on Tuesday's Barchart "52-Week High" list. Cisco on Tuesday posted a new 13-month high of $20.64 and closed up 2.14%. TrendSpotter issued a new Buy signal on Tuesday's close of $20.57. In recent news on the stock, Cantor on March 6 initiated coverage on Cisco with a Buy rating and a target of $22.50. Wells Fargo on March 16 reiterated its Outperform rating on Cisco and issued a favorable opinion on Cisco's acquisition of NDS Group for $5 billion, which it said gives Cisco attractive video assets. Cisco Systems, with a market cap of $107 billion, is the worldwide leader in networking for the Internet.