A Wild Cyber Character Arc

Much like cybersecurity peer FEYE, CyberArk has gone from being a chic stock pick among growth and momentum chasers over the summer into being unable to rally on an earnings beat. 

In fact, observing the updated daily chart, below, CYBR looks to be an actionable short setup, an idea we looked at with Members earlier this morning. Into further weakness, below the morning lows of $47.09, the highlighted (high blue) descending triangle pattern could easily break lower.

While the many FEYE longs trapped from higher prices may be in the process of capitulating, I am not so sure the CYBR longs have done so, just yet. But a post-earnings sell-off which intensifies could easily do the trick.