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
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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.