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CyberArk Software Stock Could Be Poised to Retreat

Bruce Kamich

In the daily bar chart of CYBR, below, we can see prices made a strong upside run from December. Some market watchers could consider CYBR extended versus it 200-day moving average line. The volume pattern looks like it has been contracting from the middle of February and the daily On-Balance-Volume (OBV) line has rolled over from the middle of April and made a bearish divergence in May, with a lower or equal peak in the OBV line.