Mimecast Breaksout to ATH

Mimecast Ltd. engages in the provision of cloud security and risk management services for corporate information and email. Its archiving services secure, store and manage critical corporate communications and information to address compliance and e-discovery requirements. MIME reported a beat on the top and bottom line yesterday after the close. Prior to the closing bell, the stock jumped to new all time highs on above average volume and continued that rally on well above average volume today. The stock has a strong set up for a further rally.