RDWR Radware Cyber Security Stock – Aggressive Accumulation Pattern

by Olivier on December 5, 2014

It simply doesn’t get much better than this. The charts are obviously bullish and should be pretty much self-explanatory.

RDWR – Radware is displaying huge volume spikes. These are the footprints of institutional players with deep pockets accumulating as much as they can. The gap that started the move is a break-away gap. This is the start of a big trending move. These gaps do not get filled until the entire move has run its course. What makes me super bullish is the overall pattern. The weekly chart is providing the needed fuel for a potentially huge move to the upside. This is what I refer to when I talk about ‘pattern pressure’.

Here’s a quick 3 minute video refresher on pattern pressure: Pattern Pressure Explanation Video

Click on the daily RDWR chart to enlarge:

Click on the weekly RDWR chart to enlarge:

Cyber Security Sector Overview Chart I. ➔ http://bit.ly/1vmpIe4

Cyber Security Sector Overview Chart II. ➔ http://bit.ly/15RBoRh

The charts are always up to date and contain the following companies:

CHKP – Checkpoint Software Technologies, PANW – Palo Alto Networks, QLYS – Qualys, CUDA – Barracuda Networks, FEYE – Fireeye, PFPT – Proofpoint, CAVM – Cavium Networks, VDSI – Vasco Data Security, RDWR – Radware, FTNT – Fortinet, IMPV – Imperva, CYBR – Cyber-Ark Software, HACK – Cyber Security ETF

Company description from Yahoo finance:

Radware Ltd. develops, manufactures, and markets application delivery and security solutions for virtual and cloud data centers worldwide. The company offers Alteon NG, an application delivery solution for Web, cloud, and mobile based applications; Alteon Application Switch application for hardware, virtualized, and application delivery controller (ADC) virtual appliance, as well as cloud deployment; and enterprise cloud and virtual application delivery infrastructure ADC solutions. It also provides Alteon product portfolio for enterprises and carriers; FastView, a Web performance optimization solution for browser and end-user device acceleration; and LinkProof, a solution that manages various wide area networks and Internet traffic for networks. In addition, the company offers APSolute Vision, a management and monitoring tool; Application Performance Monitoring, a monitoring solution; vDirect, an ADC service automation engine designed for virtual data centers and clouds; and a family of security solutions, which provides integrated application and network security, as well as security tool management services for multi-layered security architecture. Further, it offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall appliance that secures Web applications; AppXML, which provides XML and Web services communications for service oriented architecture based mission-critical applications; DefensePipe, an integrated solution for attack mitigation; DefenseFlow, a software defined networking application that programs networks for denial of service security; and Inflight, which offers intelligence from the network and identifies business events or security threats embedded in Web transactions. The company sells its products primarily to independent distributors, including value added resellers, original equipment manufacturers, and system integrators. Radware Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

If I were buying, my point would be above the market. I don’t try to pick a bottom or a top. – Ed Seykota

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