FireEye, Inc (NASDAQ: FEYE)

FireEye, Inc. provides products and services for detecting, preventing, and resolving advanced cybersecurity threats. Its products comprise threat prevention system that provides threat protection from network to endpoint for inbound and outbound network traffic, such as Web threat prevention appliances to analyze all Web traffic; email threat prevention appliances that detect and stop advanced attacks; and file threat prevention appliances, which analyze network file servers to detect and quarantine malicious software. The company’s products also include central management appliances that manage threat prevention system; forensic analysis system, which executes and inspects malware, zero-day, and other advanced cyber attacks; and endpoint threat prevention systems that detect, analyze, and resolve security incidents.
To review FireEye’s stock, please take a look at the 7-month chart of FEYE (FireEye, Inc.) below with my added notations:


The Tale of the Tape: FEYE has broken its key level of support at $45. A short trade could be made on any rallies up to that $45 area with a stop placed above that level. A break back above $45 would negate the forecast for a lower move.
Please share this article