CyberArk: Failed Breakout
The move has failed to maintain the breakout for one prime reason. CyberArk trades at about 40x '19 EPS estimates of $1.95.
A lot of chatter suggests the sock is headed to $120, but one needs to consider that this 19% revenue grower would trade at 60x '19 estimates on such a rally. The move doesn't appear likely, but the stock is worth watching on any move above $80.
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