The Cybersecurity trade looks to be re-igniting, as the sector ETFs are breaking out above short-term downtrends and select stocks are thrusting higher.
Stocks like Zscaler (ZS) and CrowdStrike Holdings (CRWD) are posting sharp gains. And the Global X Cybersecurity ETF (BUG) has broken above a multi-week downtrend to push up to multi-day highs.
This is bullish price action for Cybersecurity stocks and it should lead the $BUG Cybersecurity ETF back to new all-time highs.
Given that former peaks happened at/near the same levels, this is seen as particularly promising as a group to favor in the short run (especially for those that enjoy tactical longs). $BUG has a buy signal but watch the surge and look to get in on intraday pullbacks.
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