Cyber Strength:

The HACK ETF is enjoying some newfound strength as the fund has made a nice move off the very round 50 number on 2/24 rising 6% in the best daily volume in well over a one-year lookback period. NET is a good-looking chart in the group as it was rejected three times at the round 120 number in January, February and March, and bounced off that level last Thursday-Friday. A push above its 200 day SMA should have nice implications for the chart. PANW is now bull flagging just above the very round 7600 figure, and the flag pole was 100 handles long so a move toward 700 is not out of the question. DDOG has spent the last 2 weeks above both its 50 and 200 day SMAs as it builds the right side of a double bottom base. Below is the chart of another name in the space in CYBR. The stock is just 14% from most recent 52 week highs, and acting better than most peers and Monday lifted above a bullish inverse head and shoulders formation. This group should remain firm going forward and your capital deserves to be placed there.

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