FYI: Cybersecurity stocks remain red hot as software stays atop the 33 sectors tracked by IBD. Meantime, a fund that focuses on these software stocks sits near a potential buy zone.
IBD's software sector leads with a more than 25% gain this year. Drilling down further, security software has moved up to No. 11 among IBD's 197 industry groups, up from No. 17 six weeks ago.
ETFMG Prime Cyber Security ETF (HACK) trades just below a 40.82 buy point from a cup base. Another alternative entry emerged at 40.57, a dime above the high of a handle that started taking shape in early March. Either way, shares have been finding support along their upward-trending 50-day moving average.
Regards,
Ted
https://www.investors.com/etfs-and-funds/etfs/software-stocks-make-up-hot-tech-play-etf/M* Snapshot HACK:
https://www.morningstar.com/etfs/ARCX/HACK/quote.html
