The ETF breaks past 21-day resistance, gaining $2.30 as cybersecurity stocks recover amid positive industry trends.
Amplify Cybersecurity ETF (HACK) climbed 2.15% to $109.09, adding $2.30, as the fund broke past its 21-day resistance level. The move follows a rebound from its 50-day line, driven by broader strength in cybersecurity stocks.
HACK’s recent performance reflects a cup-shaped pattern without a handle, a technical formation typically lasting at least six weeks. The ETF ranks second out of 197 industry groups, though its IBD Composite Rating remains unassigned.
The sector’s recovery aligns with renewed investor interest in cybersecurity, though market participants remain cautious amid ongoing volatility.