The Strongest Corner of Software 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by Christian Fromhertz.
The Amplify Cybersecurity ETF (HACK) closed at a new all-time highs today following a multi-week consolidation after its best seven-week rally on record.
Cybersecurity stocks are also making new decade highs relative to software while notably remaining near decade lows versus the broader technology sector.
With software enduring its third-largest drawdown relative to the S&P 500 in history, today's move in HACK reinforces the view that cybersecurity remains the industry's clear leadership group.
The Takeaway: Cybersecurity stocks continue to separate themselves from the rest of the software industry.
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