Chart of the Day: Forget About the Semis, This Group Is Also on Fire
The chart of this ETF reflects the strength of its members.
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Forget about the semiconductor stocks for a moment, the cybersecurity names (CIBR) has been on fire for about five weeks. An enormous surge in volume in names such as Broadcom (AVGO) , Palo Alto Networks (PANW) , Akamai Technologies (AKAM) and Cisco Systems (CSCO) (all members of the CIBR ETF with higher weightings) has pushed the First Trust NASDAQ Cybersecurity ETF (CIBR) up as relative strength continues to improve.
Sure, the ETF is overbought but that is no reason to sell, it is simply a condition. The indicators are in extreme bull mode, which means any pullback has been a great opportunity to get on board.
Currently, the CIBR has strong money flows, overbought MACD and price action has been incredibly strong.
Volume trends are bullish, and there is also have strong support from the parabolic SAR (stop and reverse system). With Cisco reporting this week and and Broadcom/CrowdStrike (CRWD) in early June, this is setting up for a nice summer rally for the cybersecurity names.
We like the CIBR in TheStreet Pro Portfolio and rate it a One, or "buy at anytime."
Related: My 2026 Stock Pick Is Up 25%. Here’s How I’m Playing It Now.
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At the time of publication, TheStreet Pro Portfolio was long CIBR.
