TECHNICAL ANALYSIS | August 1, 2019
Trading On Bad News
Equifax (EFX) confirmed a data hack affecting over 200,000 of its customers on July 29, 2017. But the full extent of the breach was not revealed until September 2017, when EFX announced that the data breach had exposed the personal information of about 147 million people. In July 2019, the Federal Trade Commission announced that EFX had agreed to a global settlement with the FTC, the Consumer Financial Protection Bureau and 50 US states and territories. The settlement includes up to $425 million to help people affected by the data breach. This short piece will look at the recent price action of the stock to see if there were any tradable opportunities resulting in the bad news swirling around the company.
by Stella Osoba, CMT
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