This is a great opportunity to buy on a pullback to bounce or breakout. Use tight stop or good risk management as a new company but fundamentals looking good and IPOS can lead to big gains...
Long - CYBR late Wednesday reported much stronger than expected earnings and revenue. The recent IPO shot up 16% in late trading to about 39, which would be a record high.
This wedge pattern is one of my favorite setups. Note volume increase and pushing out of bollinger band on a volatility breakout. Didn't technically register a TTM squeeze, but if this continues tomorrow, the squeeze will be confirmed. I'm in.
