• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Daily Swing Trade Archive
    • Income Seeker
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing

CyberArk Could Correct Further Before Buyers Emerge

CyberArk is undergoing a correction.
By BRUCE KAMICH
Oct 09, 2018 | 03:17 PM EDT
Stocks quotes in this article: CYBR

CyberArk Software Ltd. (CYBR) quickly traded lower this month, breaking below the rising 50-day moving average line and turning other indicators lower. Let's inspect the charts to see what strategy makes sense.

In this daily bar chart of CYBR, below, we can see the brief spike up to a new high at the end of September and the quick reversal lower. CYBR cold bounce to the underside of the rising 50-day average line but it is likely to fail. The daily On-Balance-Volume (OBV) line has turned lower and the Moving Average Convergence Divergence (MACD) oscillator is close to crossing the zero line for an outright sell signal.

In this weekly bar chart of CYBR, below, we can see that prices are still well above the rising 40-week moving average line. The weekly OBV line has softened in the past month and the weekly MACD oscillator is crossing to the downside for a take profits sell signal.

In this Point and Figure chart of CYBR, below, we can see an ambitious downside price target of $54.

Bottom line strategy: CYBR is undergoing a correction. We could dip to $65 or $60 or even the Point and Figure target of $54. I want to be a buyer of CYBR but I want to see it stop falling and stabilize first.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing

More from Investing

This Bank Stock Yields 4% and Just Became a Dividend Aristocrat

Nick McCullum
Feb 16, 2019 2:00 PM EST

This Connecticut-based bank is a rare financial sector stock that has increased its dividend for 25 consecutive years.

Kass: Stop the Nonsense That There Is No Inflation; 8 Bad Things for Stocks

Doug Kass
Feb 16, 2019 12:00 PM EST

The Fed shouldn't breathe easy just yet.

Don't Just Sit There, Work the Trade

James "Rev Shark" DePorre
Feb 16, 2019 10:00 AM EST

The important thing to keep in mind when working a trade is that we are embracing the fact that we can't predict the future.

How Many Times Are We Going to Rally on a China Trade Headline?

James "Rev Shark" DePorre
Feb 15, 2019 4:23 PM EST

The answer is every time there is a headline.

Chart of the Day 2: North America Is the Big Battleground for Pepsi and Coke

Kevin Curran
Feb 15, 2019 2:50 PM EST

Pepsi's clash with Coke is most pivotal closer to home.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 04:01 PM EST KEVIN CURRAN

    Pepsi Kicks off 2019 on a Positive Note

    Pepsi's earnings may not have been immaculate, but...
  • 10:08 AM EST BOB LANG

    Rolling up the Arista

    on Tuesday this week I posted a trade idea here an...
  • 08:11 AM EST KEVIN CURRAN

    Pepsi Earnings Call Notes

    As my first article is in edit, here are some sele...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2019 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login