
October is Cybersecurity Awareness Month, which is a campaign by the National Cybersecurity Alliance to raise awareness of cyber threats and encourage proactive measures to consumers. A way to access the theme and sub-industry of technology is through the First Trust Nasdaq Cybersecurity ETF (CIBR).
October is Cybersecurity Awareness Month, which is a campaign by the National Cybersecurity Alliance to raise awareness of cyber threats and encourage proactive measures to consumers. A way to access the theme and sub-industry of technology is through the First Trust Nasdaq Cybersecurity ETF (CIBR).
CIBR maintains a strong 5.31 fund score, which is above the average score for a fund within technology (4.72) and large cap growth (4.66) groups. The fund has maintained a positive trend since 2023 and returned to a buy signal in April this year. While September’s action brought a second buy signal and a new all-time high chart high at $77. From a relative strength perspective, CIBR has maintained both positive near and long-term market RS since December 2024.
The ETF is actionable at its current chart position as well as on a pullback to the middle of the 10-week trading band at $73. Initial support can be found at $71, while additional support may be found in the $59 to $60 range.
Year-to-date, CIBR is up 19.80% and is outperforming the S&P 500 Index (SPX) by more than 6%.