Long Position on CYBR @ $69.50 on 10/26/2018 (Momentum)

upward trading channel on $CYBRCyberArk Software Ltd. (CYBR) develops, markets, and sells software-based 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 account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

The company also provides Application Identity Manager, provides solutions for hard-coded passwords and embedded application credentials; Conjur, a secrets management solution integrates with the DevOps toolchain, as well as secures and manages secrets used by CI/CD tools such as Ansible, Chef, Jenkins and Puppet, and orchestration software such as Docker; and Endpoint Privilege Manager that offers application control software, as well as On-Demand Privileges Manager, secure Digital Vault, Web Management Interface, and Master Policy Engine and Discovery Engine.

In addition, it offers Shared Technology; Sensitive Information Management Solution; and software maintenance and support, and consulting services. The company offers its products to financial services, manufacturing, insurance, healthcare, energy and utilities, transportation, retail, technology, and telecommunications industries, as well as government agencies through resellers and distributors.

Shares are heading higher in an upward trading channel. The lower boundary of the said channel runs parrellel to the stock's 200-day moving average (shown in brown.) Higher share prices are expected for this stock.

 

Entry Point: $69.50

Trading Range: $66.05

Stop Losses: $40.63 - $81.24

Target Price: $76.45

 

Updates

11/8/2018 11:11:07 AM

CYBR closed at $77.70

Position closed on 11/8/2018 at price of $77.70 with a 11.80% gain in 13 days.

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