FireEye Continues To Rally

FireEye

shares are trading higher by $2.03 at $36.54 in Thursday's session. The catalyst for the rally is renewed takeover chatter and unusual call volume activity that Benzinga Pro reported on February 3. The issue has been on a torrid six day run rallying from its low on January 29 ($31.37) to $36.85 in today's session. It should be noted that the current intraday high matches its high from September 11. With such a big rally in such a short time span, speculators may not be patient on the long side if the takeover chatter is not renewed. Once the poster-child of the cloud-security space, it remains quite some distance from its all time high made in March 2014 ($97.35), but above its all time low made in October 2014 ($24.81).