Locking in Big Gains and Downgrading This Sleeper Position
Bad actors leveraging AI keeps us bullish on this ETF’s end-market exposure.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
| CIBR | Sell | 445 | 84.50 | 2,285 | 3.2 |
After you receive this Alert, the Pro Portfolio will sell 445 shares of the First Trust Nasdaq Cybersecurity ETF (CIBR) at or near $84.50. Following the trade, CIBR shares will account for roughly 3.2% of the Pro Portfolio’s assets.
Following up on our comments in today’s video, we are electing to lock in some gains following the more than 38% rise in CIBR shares over the last five weeks. Helping cement that decision is CIBR’s RSI reading above 80, which indicates a severely overbought condition in the stock. We’d also note the RSI figures for both the S&P 500 and the Nasdaq Composite are back above 70 (overbought) as well.
With the vector and velocity of cyberattacks increasing, in part due to bad actors leveraging AI, and our view that every portfolio should have cybersecurity exposure, we will continue to own a sizable position in CIBR after today’s trade.
Alongside this trade, we will reset our checkpoint level for CIBR shares to $71 from $68. In the chart below, note the gap in the chart near $71. We will also downgrade CIBR shares to a Two from One.
More Pro Portfolio:
- We’re Adding to and Lifting Our Rating on This Holding
- We’re Tracking 29 Signals Across 9 Portfolio’s Investment Themes
- Weekly Roundup: Profiting From the Rally, But Not Letting Our Guard Down
(Please note that we are looking to execute these trades at or near the share price mentioned above. Once the trade is completed, subscribers can see the trade’s executed price here. Be sure to toggle the chart to sort by Purchase Date.)
At the time of publication, TheStreet Pro Portfolio was long CIBR.
