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
Cyberark Software Ltd (NASDAQ:CYBR) - Short setup
Started by
Costa
, Feb 28 2015 10:26 AM
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#1
Posted 28 February 2015 - 10:26 AM
Costa
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