BUG - FireEye hack looks unlikely to disrupt cybersecurity momentum: At the Open

The premarket drop in FireEye ([[FEYE]], -10%) is a big pothole in the recent trajectory of the stock. But it looks like the broader cybersecurity sector can keep its upward path from a technical perspective.FireEye disclosed late yesterday a security breach and theft of Red Team tools it uses to test vulnerabilities in systems that analysts called “undoubtedly concerning” and “clearly a negative.”Shares had made some bullish moves with respect to technical levels recently, but are set to lose that ground at the open today.FEYE is indicated to start trading at $13.85. That would take it below its 50-day simple moving average of $14.28 and the 100-day SMA at $14.18.The stock had crossed above its 50-day SMA on Oct. 14 and survived a test of the 50- and 100-day on Nov. 3. In another bullish sign, last week the 50-day crossed back above the 100-day.William Blair says the breach FireEye experienced

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FireEye hack looks unlikely to disrupt cybersecurity momentum: At the Open