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FireEye Higher After Equifax Security Breach, Analyst Upgrade

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Stocks With Rising Relative Strength: FireEye (Investor's Business Daily)

FireEye Inc (NASDAQ: FEYE) shares are trading higher by 39 cents, or 2.7 percent, at $16.40 in Monday's session.

The stock, as well as others in the cybersecurity space, are getting a boost from the data breach at Equifax (NYSE: EFX) that affected 143 million consumers on Friday. Stephens also upgraded the stock on Monday morning.

See Also: Putting The Equifax Hack Into Perspective: How It Ranks

After a higher open, FireEye had a brief retreat but found support just ahead of the top of Friday's range ($16.13), only reaching $16.17 before resuming its move higher. So far, the follow-through rally took the stock to $16.61, but has backed off that level.

FireEye's stock is now poised to close at its highest since July 25, when it ended that session at $16.08.

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