CYBR - Two prospectively bullish channels intersectThis is only a tentative chart. Best practice in TA asks that at least 3 points on the price action touch the channels.
Yet it stands to reason that CYBR is not going bearish anytime soon given the urgency of cyber security in these times, with China, Iran and North Korea all aiding and abetting each other in cyber crime.
CYBR/N trade ideas
Cyber-Ark looking supremely bullish!As the US economy breaks record levels in many dimensions, cyber-security will become vital to protecting businesses from cyber threats - both large and small. The rest of the world which is pretty angry about a strong America is going to leverage its power through cyber-warfare. Well, that's the geopolitical spiel. Here's the graph of one of the most prestigious cyber-security companies in the world.
Bullish Set-upWatch the volume this morning to see where this goes because the 21 ema is trying to cross back over the 50 sma, the macd is bullish, and the rsi is showing momentum. A little volume and we could see a nice quick trade setting up. No target necessarily, so if this plays out like I think it will just take profit by selling into momentum at your own discretion without getting greedy (like around 2 or 3 percent).
$CYBR Bearish Divergences into earnings tomorrow. If you are lucky enough to have been long CYBR in 2019 you have made a 70% gain so far, that should ring the alarm bells alone. The price has been on a upward trajectory while the RSI has been on a downward trajectory got eh last 2 months. FOMO money was late to enter, but will be very early to exit this name on any pullback and weakness in earnings. We will be looking to short it from a pure technical perspective.
Analysts Average Target price $125
Company Description
CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It operates through the following geographical segments: United States; Israel; United Kingdom; Europe, the Middle East and Africa; and Other. Its products include core privileged access security, application identity and endpoint privilege manager, and Conjur.
CyberArk Software Revenue Jumps 36%finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
“We delivered record results across all operating metrics including revenue, GAAP and Non-GAAP operating income and net income, as well as cash flow from operations and new customer additions. We were pleased to accelerate revenue growth across the Americas, EMEA and APJ, which demonstrates our strong execution, commitment to innovation, and the robust market fundamentals. As the recognized leader in privileged access security, we enter 2019 with strong momentum and are well positioned to deliver sustainable growth and profitability.”