CyberArk Software Should Take On Water

The charts and indicators of security software company CyberArk Software (CYBR) have weakened in recent weeks despite the news of more global threats. Earlier this month prices gaped lower and they are now poised to test and maybe break the lows of October and December. A break of these key lows is likely to turn the major trend down.

Let's check the strength of our passwords and see what the updated charts and indicators suggest. When we last looked at CYBR at the end of March, we concluded that "Strength above $54 could mean CYBR is headed higher while weakness below $46 may indicate CYBR will decline to the low $40s. My gut is leaning to a downside break, but that is not a disciplined approach."...241 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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