CyberArk Software (CYBR) has been correcting lower in recent days after posting a new high for the move up in July. With the weakness in the broad market it is always better to review your holdings and positions so a profit does not turn into a loss.
In this daily bar chart of CYBR, below, we can see some weakness as prices test the cresting 50-day moving average line and the top of a $130-$120 support zone.
The rising 200-day moving average line is comfortably below the price action and intersects around $103. The daily trading volume looks like it has declined from May to now which is not constructive.
The daily On-Balance-Volume (OBV) line has been flat to weakening the past two months and the Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside for another take profits sell signal.
In this weekly bar chart of of CYBR, below, we can see that prices are above the rising 40-week moving average line, perhaps too far above it.
The weekly OBV line is still bullish and the MACD oscillator has narrowed to the point where a new signal is pending.
In this Point and Figure chart of CYBR, below, we can see a downside price target of $122 being projected.

Bottom line strategy: If CYBR declines to its current Point and Figure target of $122 it could break through the bottom end of the support. Adjust your position accordingly.