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.
Take a look at the 1-year chart of FireEye (Nasdaq: FEYE) below with the added notations:
FEYE fell off a cliff after its March peak. However, since bottoming
near $25 last May the stock stabilized and has been trading mostly
sideways since. The more important thing to note is that FEYE has a key
level at $45 (blue) that it has recently broke back above. This should
lead to another leg up for the stock.
The Tale of the Tape: FEYE has a key level at $45. A
trader could enter a long position on a pullback down to $45 with a
stop placed under the level. However, a short trade could be made
instead if the stock fails to hold $45.
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