FireEye Under Selling Pressure

shares were trading lower by $1.40 (3.4 percent) at $39.39 in Wednesday's session. The Street is not reacting favorable to the news despite an announcement that the New York Fed is creating a new team to

. The issue, which had been on tear since its Q4 EPS and revenue beat, rallying from its February 10 close ($46.62) to a close on February 20 at $46.18. That marks the highest level for the issue since April 24, 2014, at $47.68. Since reaching that elevated level, it has been subject to profit-taking which has pushed the issued under $40.00. At this time, it is attempting to find intraday support at $39.21, but has not been able to mount much of a rebound. If the decline continues, the next identifiable support level may be the low from its post-earning day session (February 12 at $37.87). Disclosure: