Cyberterrorism is a serious and growing threat to our country’s (and the world’s) security. Only a handful of publicly-traded companies are ready to fight that battle, and one of them is CyberArk.
The Israeli-based company was riding high a few years ago. It has struggled to find its footing, but interest in the name has been growing recently. In fact, a breakout to all-time highs seems imminent. The chart is strong here with an impending MACD buy signal, good money flow and a bullish cloud forming. The base (made in the fall) is solid around the $100 level. With gaps ready to be filled, this stock looks poised for more upside.
CyberArk Chart Analysis
Take a deeper dive into the chart action (Nasdaq: CYBR). Learn how to read the technicals as Bobs marks up our chart of the week.
Love what you’re learning in our market analysis? Don’t miss a single video! Get the latest chart action delivered directly to your inbox every week as Bob breaks down stocks to watch and potential trade options.
About CyberArk
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company was founded in 1999 and is headquartered in Petach Tikva, Israel.