Market Scheming

Tuesday, September 20, 2011

SourceFire - Stock Charts - September 20, 2011

Thought it would be interesting to have a look at SourceFire.

From Wikipedia:
Sourcefire was founded in 2001 by Martin Roesch, the creator of Snort. The company created a commercial version of the popular Snort software: the Sourcefire 3D System, an intrusion prevention solution. Sourcefire states that it is committed to advancing open source technology and continues to maintain close ties with the Snort user community.
Company mission from their website:
Focused on its mission to be the leader in intelligent cybersecurity solutions, Sourcefire® is transforming the way Global 2000 organizations and government agencies manage and minimize network security risks. With solutions from the network to the endpoint, Sourcefire provides customers with Agile Security™ that is as dynamic as the real world it protects and the attackers against which it defends
 Weekly chart

The company has shown relative strength company to the broad S&P500 / Nasdaq Indices.
As seen below, FIRE has appreciated faster than the general indices.


Another notable divergence is more recently.  August was a terrible month for NASDAQ and S&P500, however SourceFire emerged unscathed which shows relative strength. 





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