Cyber stocks sold off last week on he back of PANW weaker than expected earnings. However, CYBR reported very strong results a couple week back on 2/8 and dipped in sympathy with the group last week.
Notice how CYBR filled its earnings gap and closed above its Feb Value Area (using the MarketWebs Indicator) and bounced off its 50d MA, indicating that buyers took advantage of the dip.
I like a long here vs top of Feb Value Area support $235.1 and look for new highs in CYBR.
Notice how CYBR filled its earnings gap and closed above its Feb Value Area (using the MarketWebs Indicator) and bounced off its 50d MA, indicating that buyers took advantage of the dip.
I like a long here vs top of Feb Value Area support $235.1 and look for new highs in CYBR.