Friday, December 8, 2023

CyberArk Software Stock Flashes Improved Relative Price Strength

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CyberArk Software (CYBR) stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 66 to 79.


When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the trailing 52 weeks matched up against all other stocks.

Decades of market research shows that the market’s biggest winners often have an RS Rating of over 80 in the early stages of their moves. See if CyberArk Software stock can continue to show renewed price strength and hit that benchmark.

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Is CyberArk Software Stock A Buy?

CyberArk Software stock is building a cup with handle with a 162.99 buy point. See if it can clear the breakout price in volume at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

The cybersecurity company reported -43% EPS growth last quarter. Revenue increased 12%.

CyberArk Software stock holds the No. 14 rank among its peers in the Computer Software-Security industry group. Palo Alto Networks (PANW) and NICE ADR (NICE) are also among the group’s highest-rated stocks.


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