CyberArk Breaks Out As Security Group Rallies

CyberArk Software shares are making a big move on the stock market Tuesday as the Security-Software industry group rallies. Late Monday, group peer Fortinet posted its biggest quarterly billings growth since its IPO in 2009. Fortinet gapped up to a new high, and CyberArk, which has a highest-possible IBD Composite Rating of 99, gapped up to clear a cup-with-handle base buy point. Palo Alto also hit a new high, while Qualys is trading about 3% below a high set earlier this month.