Here’s your entry on FireEye (FEYE) (July 16, 2015)
Lets get to FireEye ( NASDAQ:FEYE ). This is a cyber security stock that reports earnings on the 30th, that is two weeks from today. Now here’s the cool thing about this, first of all you don’t get free shipping with this, but the stock is right at the 50-day moving average, right at the 50-day moving average.
The rest, like Palo Alto Networks ( NYSE:PANW ) or Pan American as I call it, I don’t even know why I do, is doing well. But you look at the cyber security stocks in general, they’re just treading water, everybody’s focused on Celgene ( NASDAQ:CELG ) and Netflix ( NASDAQ:NFLX ). But here’s the thing, this 50-day moving average holds and it holds nicely.
So what I think you can do is this; again they report earning on the 30th and as a trader I never advocate holding over earnings. As an investor, I’m telling you if you want to be an investor you have to hold over earnings. I think you can just keep a stop just below here, 45.35 is the low; take some stock here and I think you’re going to make some m-o-n-e-y.
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