Cyber-Ark Software Ltd. develops, markets, and sells software-based
IT security solutions that protect organizations from cyber attacks in
the United States and internationally. The company offers privileged
account security solution to secure, manage, and monitor privileged
account access and activities. Its privileged account security solution
consists of Enterprise Password Vault that provides a tool to manage and
protect physical, virtual, or cloud-based assets; SSH Key Manager to
store, rotate, and control access to SSH keys for preventing
unauthorized access to privileged accounts; Privileged Session Manager
that protects servers, applications, databases, and hypervisors from
malware; and Privileged Threat Analytics that profiles and analyzes
individual privileged user behavior and creates prioritized alerts when
abnormal activity is detected.
Take a look at the 1-year chart of Cyber (NASDAQ: CYBR) below with my added notations:
CYBR hit resistance at $55 (red) last month, and that $55 level was
also a key support before that. In addition, the stock has been climbing
a trend line of support (green) since the end of August. Eventually,
the stock will have to break either the $55 resistance or the trendline
support.
The Tale of the Tape: CYBR is winding up between two
key levels. A long trade could be made at the trendline support or on a
break above $55. A break below trendline would be an opportunity to
enter a short trade.
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