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Cyberark Software Ltd (NASDAQ:CYBR) - Short setup


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#1 Costa

Costa

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Posted 28 February 2015 - 10:26 AM

Cyberark Software (NASDAQ:CYBR) finally broke down from the bear flag formation highlighted on the daily chart, signaling further decline. The stock price shows weakness with its recent decline and could reach the potential target area at $52. The trajectories of momentum and directional indicators also point to continuation of negative bias. Based on fundamentals this stock is way overvalued. Short setup.

Full article : Stocks to keep an eye on March 2, 2015

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