05Jan10:35 amEST

The Strong Silent Type

On the back of some positive analyst moves this morning, London-based cloud email play Mimecast is gapping up and out of the triangle consolidation highlighted on the daily chart, below. 

MIME has been a "sleeper" of sorts for us for a while now, a long-term investing play for VIP Members and a recurring trade idea, too, at various points in 2017. However, since November 2017 the MIME completely stopped talking, taking a break and consolidating for a good two months. 

But now that MIME is gaining some attention, it is worth noting that the firm is also a play on cybersecurity. Indeed, MIME has exposure to a variety of email security services, including archiving, to protect business email. One would think these services have increased value given all of the "leaks" in the world we live in today, especially for high profile businesses. 

Moreover, the cybersecurity sector in general has come out swinging in 2018, using the HACK sector ETF as a rough proxy and looking at individual names like SPLK. 

With this in mind, MIME appears to be all the more attractive as a hidden gem for 2018.

First things first, though, as we want to see this initial thrust over $30 hold above that level into any pauses or dips going forward. 

Stock Market Recap 01/04/18 ... Pot Stocks: Don't Get High o...


This website is intended for educational purposes only. | © 2018 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site