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CyberGuard Breaks Through Resistance.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Jonah Keri
After fighting resistance around 10 for 2 1/2 months, CyberGuard broke out Wednesday on nearly three times its normal trade, notching a new closing high. It's still well within 5% of its pivot point, just above 10.
The provider of network security products, including hardware, firewalls, virtual private networks and networking software, is a turnaround story.
The firm has posted sales growth of 37% to 57% in the last four quarters. CyberGuard turned its first profit seven quarters ago. Its Relative Strength line has climbed into new high ground, a bullish ...
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