Cisco Systems, Inc (NASDAQ:CSCO) declined in its last trading session by 1.25 percent to $17.36 for the day. The total traded volume stood at 57.77 million shares as compared to its average traded volume of 71.72 million shares per day. The share price has moved 11.03 percent less than its 50-days simple moving average and is trading at a relative strength index of 31.04 which shows its extreme oversold level. The price to earnings of 13.15 times for Cisco also shows its attractive level for investors to make an entry.
Bank of America Corporation (NYSE:BAC) dropped 1.25 percent to $13.48 in its last trading session. The stock remained heavily traded with volume of 170.76 million shares as compared to its average traded volume of 171.99 million shares per day. The share price is currently trading near its oversold level as per relative strength index of 39.53 and has considerable margin for capital gains. Its market capitalization stood at 136.43 billion in its last trading session whereas company’s total outstanding shares accumulate up to 10.12 billion as per its last balance sheet.
Chevron Corporation (NYSE:CVX) witnessed the correction of 0.09 percent to $105.38 in its last trading session. The traded volume stood at 6.99 million shares as compared to its average traded volume of 8.44 million shares per day. Chevron is regarded as one of the most profitable company in its industry. Chevron maintains net profit margin of 9.34 percent and return on equity of 19.31 percent. The company also maintains the dividend yield of 2.73 percent.Previous Post » Friday’s Dow Jones Bulls at Wall Street