TECHNICAL ANALYSIS | August 15, 2019
Trading Strong Uptrends
Cisco Systems, Inc. (CSCO) is a large cap value technology company. It was in the news recently for reaching a settlement with eighteen U.S. states to pay $8.6 million to settle claims that it sold surveillance technology to federal, state and local government agencies that it knew had a serious security flaw. James Glenn was the whistle blower who was working as a CSCO subcontractor in Denmark when in 2008 he discovered that the video software CSCO was selling to governments could be hacked into and taken over without detection. It has taken over a decade for the company to settle the claim resulting from the facts brought to light by Glenn. In that time, how has the share price of this tech juggernaut fared? Let's take a look at some charts.
by Stella Osoba, CMT
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