Cyber Clout:

The cybersecurity space always seems to be front and center, both domestically and internationally. The stocks within have not always kept pace with the prominent attention they garnered (perhaps they were weighed down by the prior overall software weakness), but some names are becoming relevant on a technical basis. PANW lost ground for the first time in April on Friday, ending an 11 session winning streak, as it builds the right side of a cup base that began with a rejection at the very round 400 number in February. JNPR CLOSED above 26 Friday, in a bullish ascending triangle pattern. Fellow “old tech” peer it used to be attached to its shoulder in CSCO is the largest component in the HACK ETF, and it recorded its fourth straight WEEKLY CLOSE above the very round 50 number. The chart below of CRWD looks poised for a break higher, but of course, let PRICE determine that. This week it demonstrated excellent relative strength tripling the WEEKLY advance of HACK.

This article requires a Chartsmarter membership. Please click here to join.