Market Overview

FireEye Continues To Rally


Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

FireEye Inc (NASDAQ: FEYE) shares were trading higher by $2.03 (about 5 percent) at $36.54 in Thursday's session. The catalyst for the rally is a massive data breach at Anthem.

The issue has been on a torrid six-day run (up about $3.44 or more than 10 percent) rallying from its low on January 29 ($31.37) to $36.85 in Thursday's session. It should be noted that the current intraday high matches its high from September 11.

Once the poster child of the cloud-security space, it remains quite a distance from its all-time high made in March 2014 ($97.35), but still above its all-time low made in October 2014 ($24.81).

Posted-In: Technicals Intraday Update Trading Ideas


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