Lower Beta Networking Giant Forming Relative Strength Flag
Cisco Systems (CSCO) shares of the networking giant are continuing to stay strong relative to the market and tech names with a value tilt like Cisco and IBM in general are seeing money flows rotate from higher beta tech. CSCO has formed a solid bull flag into its rising 21 EMA and held the post earnings gap up relatively well as it now looks poised to breakout above 64 and potentailly new highs if the broad market snaps back.