Sollensys Corp (OTCMKTS:SOLS) Stock Continues to Move In a Narrow Range
Sollensys Corp (OTCMKTS:SOLS) is moving in a range after the Company announced a strategic reseller contract with CORTELCO. CORTELCO is an information technology digital transformation firm that specializes in customized solutions ranging from data centers to security.
Traders Corner
On Tuesday, SOLS stock moved up 2.04% to $5 with more than 10.4k shares, compared to its average volume of 2.1K shares. The stock moved within a range of $4.5000 – 5.1750 after opening trade at $5.10.
CORTELCO Signs Sollensys to Provide Blockchain-Powered Cybersecurity Safety Net to its Customers
President of CORTELCOJuan Carlos Ramos said that the future of reliable and advanced security is ongoing now. Ramos added that Don Beavers and his team of experts had turned blockchain technology’s creativity into a cybersecurity powerhouse that they are 100 percent convinced will provide CORTELCO customers an advantage by ensuring company continuation in the case of cyber-attack.
Instead of focusing on vulnerable endpoints, Sollensys starts by securing a copy of the most valuable asset that hackers aim to keep captive and corrupt: an organization’s digital copyrights and operational data. Then, Sollensys ensures that corporations and organizations rarely pay a ransom and that their operations can continue quickly by maintaining an immutable and incorruptible copy of data. So investors should keep an eye onSOLS.
Key Quote
“The future of advanced and reliable cybersecurity recovery is happening today in Palm Bay, Florida,” said Juan Carlos Ramos, President of CORTELCO Puerto Rico. “Don Beavers, along with his talented team of engineers, has harnessed the brilliance of blockchain technology into a cybersecurity juggernaut that we are 100% confident will give our customers an advantage, providing them business continuity in the event of a cyber attack.”
Technical Data
SOLS stock is trading below the 20-Day and 50-Day Moving averages of $5.22 and $6.43 respectively. Moreover, the stock is trading below the 200-Day moving average of $7.28.
