Over the past few months, market momentum has surged, with several sectors outperforming the broader market. While financials, technology, and even utilities have all shown strength, the cybersecurity industry remains a consistent outperformer. Many leading stocks in the space are hovering near all-time highs.
However, not all cybersecurity names have moved in lockstep. While CrowdStrike (NASDAQ: CRWD), Zscaler (NASDAQ: ZS), and the Amplify Cybersecurity ETF (NYSEARCA: HACK) have rallied sharply, up 47%, 74%, and 16% year-to-date, respectively, Fortinet (NASDAQ: FTNT) has taken a more gradual approach. Still, the technical picture suggests that it could soon change.
